Binance Gains Sweden’s Approval, Making Its Seventh European Approval Total
The registration in Sweden comes after they have been completed in France, Italy, Lithuania, Spain, Cyprus, and Poland respectively.
The cryptocurrency trading platform Binance has now received authorization from the Financial Supervisory Authority of Sweden, becoming the Nordic country the seventh country in Europe to do so.
According to an announcement made by Binance on Wednesday, residents of Sweden will soon be able to purchase and sell cryptocurrency using euros, use Binance’s staking service, and use the exchange’s Visa card, among a great number of other services.
After successfully registering in France, Italy, Lithuania, Spain, Cyprus, and Poland, Binance has also successfully registered in Sweden.
At the Crypto Finance Conference that took place in St. Moritz on Wednesday, Binance CEO Changpeng Zhao said that the cryptocurrency exchange aims to continue its scaling plans, with the objectives of boosting its staff by 15% to 30%.
Zhao said that by the year 2022, the number of employees at Binance has increased to 8,000. This would put the exchange in sharp contrast to many of its competitors, who have been cutting the number of employees they employ in recent months, a trend that is certain to continue in the year 2023.