Binance Now Registered in Sweden – World’s Largest Cryptocurrency Exchange Licensed in Seventh European Jurisdiction

Residents of Sweden will have the ability to use euros to purchase and sell digital assets, take advantage of Binance's staking offering, and make use of Binance's Visa card with ease, along with other services that Binance provides.

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Binance is now registered with the Swedish Financial Supervisory Authority, making the Scandinavian country the seventh European jurisdiction (country) in which the world’s largest centralized cryptocurrency exchange is licensed.

Swedish residents will now be able to buy and sell cryptocurrencies using the euro, access Binance’s staking service and seamlessly use the exchange’s Visa card, among several other services offered by the company.

The registration in Sweden was a follow-up to similar registrations in other European countries, including France, Italy, Lithuania, Lithuania, Spain, Cyprus and Poland.

Read Also: Binance gains regulatory approval in Sweden, now licensed in 15 countries

Binance aims to increase its staff

At the recent “Crypto Finance”, held in St. Moritz, Binance CEO Changpeng Zhao said that the cryptocurrency exchange intends to continue its growth plans, with a major goal of increasing its employee numbers by 15% to 30%.

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Zhao pointed out that Binance increased its staff in 2022, from 3,000 to 8,000 people. This means that Binance is moving in the opposite direction to several other cryptocurrency exchanges, which have made staff reductions as a result of the tough Bear Market of 2022, and even leave open the possibility of continuing reductions into 2023.

Read Also: Binance.US acquires the assets of Voyager Digital

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