Kevin Helms
A student of Austrian economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the intersection of economics and cryptography.
Binance Officially Launches Crypto Exchange in New Zealand After Regulatory Approval – Bitcoin News
Binance has officially launched a cryptocurrency exchange in New Zealand after successfully registering with the country’s financial regulator. “We see significant value in having a serious presence in New Zealand,” Binance CEO Changpeng Zhao (CZ) said.
Binance launches crypto trading platform in New Zealand
Global crypto exchange Binance announced on Friday that it has registered as a financial services provider with the New Zealand Ministry of Business, Innovation and Employment (MBIE). The crypto exchange also announced the official launch of Binance New Zealand (Binance NZ).
Noting that the registration actually took effect on September 10, the company detailed:
This registration allows Binance NZ to offer a range of financial services including spot trading, staking, NFTs and more.
Binance CEO Changpeng Zhao (CZ) commented: “A lot of big tech firms are slow to open a New Zealand office. I guess for some it’s easy to overlook as it’s a smaller market, but we see significant value in having a serious presence in New Zealand.” The manager continued:
The history of fintech innovation in New Zealand is very well known, with one of the earliest and fastest uptakes of digital transactions in the world.
“We see New Zealand as a bit of a pioneer, so from that perspective I think there’s a lot to learn here with our local team working with Kiwis to envision the future of currency, transactions and the web,” Zhao continued.
Binance has expanded globally, including in Dubai, Kazakhstan, Romania, Spain, Brazil, Italy and France. The company is also reportedly trying to re-enter the Japanese crypto market after leaving it four years ago. Meanwhile, the crypto exchange is seeing a record increase in the number of Indian users after the government started imposing a new crypto tax.
The company has made compliance with regulations one of its top priorities. Last week, Binance created a global advisory board to tackle regulatory challenges.
What do you think about Binance launching a crypto trading platform in New Zealand? Let us know in the comments section below.
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