Binance gets its first Gulf nod in Bahrain

Binance, the world’s largest cryptocurrency exchange by trading volume, still needs to complete a full application process, chief executive officer Changpeng “CZ” Zhao wrote in an email to Bloomberg News. He said that would be completed “in due course.”

MANAMA: Binance Holdings Ltd received in-principle approval from Bahrain’s central bank to be a crypto-asset service provider in the kingdom, according to a statement from the company.

Binance, the world’s largest cryptocurrency exchange by trading volume, still needs to complete a full application process, chief executive officer Changpeng “CZ” Zhao wrote in an email to Bloomberg News. He said that would be completed “in due course.”