Binance Launches in New Zealand amidst Global Expansion

Binance, the worlds largest cryptocurrency exchange by market capitalization, has launched a subsidiary in New Zealand.

Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments.

On Thursday, the exchange announced that it has successfully registered as a Financial Service Provider with the New Zealand Ministry of Business, Innovation and Employment.

“New Zealand is an exciting market with a strong history of fintech innovation and our team of Binancians in New Zealand are working hard to bring the freedom of crypto to Kiwis,” Changpeng Zhao, Binances CEO, said.

The development comes over a week after Binance secured a Minimal Viable Product (MVP) license from Dubais Virtual Asset Regulatory Authority (VARA) following a provisional license issued in March.

Presence in Oceania

According to Binance, Oceania accounts for 1 million of the current over 320 million crypto users around the world. However, New Zealand is not Binances first stop in the region.

Binance already operates Binance Australia where it has an active base of over 700,000 users and recently launched cryptocurrency contracts for difference (CFDs) for wholesale traders.