Binance, a cryptocurrency trading platform, has just announced that it has obtained the approval of the first European regulatory authority and is now allowed to carry out relevant business operations in the French market As the leading exchange in the industry, with binance successfully registering its identity as a digital asset service provider with the French financial market authority (AMF), the company was finally able to normally carry out cryptocurrency trading and custody services locally.
(from: binance official website)
Referring to coingecko's data, the company's one-day spot trading volume has exceeded $14 billion, and the derivatives trading volume is close to $50 billion.
Zhao CHANGPENG, founder and CEO of binance, praised AMF's "considerable progress" in the green light of French regulators:
In the process of interaction with relevant departments, we found that although there are very strict regulators, their ideas are quite advanced and their attitudes are more progressive.
It should be noted that binance, once proud of having no official headquarters, is now seeking peace with regulators after being strongly opposed by authorities in many countries, including the UK, Italy and Singapore last year.
Binance was previously regulated by the Lithuanian anti money laundering agency and is seeking approval from the Swedish financial regulator. In an interview with CNBC last month, the CEO of the company revealed that he was planning to set up a European headquarters in Paris.
At the same time, Zhao CHANGPENG delivered a keynote speech at an encryption industry activity, during which he mentioned the incubation acceleration plan for Web3 start-ups and promised to invest 100 million euros.