Bitcoin
$37,667.13-0.06%
Ethereum
$2,035.77+0.71%
Binance Coin
$226.34+0.25%
XRP
$0.60064174-0.87%
Solana
$59.23-0.03%
Cardano
$0.37522322-2.20%
Dogecoin
$0.08325756+3.30%
Tron
$0.10895288+0.47%
Toncoin
$2.48+2.53%
Chainlink
$14.40-0.54%
Avalanche
$20.93+0.53%
Polygon
$0.76897971+2.81%
PlayIconNav
Crypto Prices CoinDesk Market Index CoinDesk Market Index
Policy

Binance Registers in New Zealand and Opens Local Office

Binance has recently made similar moves toward global expansion in France, Italy and Spain, among others.

By Amitoj Singh
AccessTimeIconSep 30, 2022 at 6:47 a.m. UTC
Updated May 11, 2023 at 6:11 p.m. UTC
VolumeMuteUnmute
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Cryptocurrency exchange Binance has registered as a financial service provider in New Zealand and launched Binance New Zealand, according to an emailed announcement.

  • The registration was made with New Zealand's Ministry of Business, Innovation and Employment (MBIE) on Sept. 10 and comes after similar recent moves toward global expansion in France, Italy and Spain, among others.
  • "I guess for some it’s easy to overlook as it’s a smaller market but we see significant value in having a serious New Zealand presence," said Binance founder Changpeng Zhao. “We see New Zealand as a bit of a pioneer, so from that perspective, I think there’s a lot to be learned here with our local team working with Kiwis to envisage the future of currency, transactions and the web.”
  • Kiwis can now access a range of financial services, including spot trading, staking, non-fungible tokens (NFT) and more, the announcement said.
  • Apart from moves toward global expansion, Binance has been making significant hires including the senior vice president of compliance from rival Kraken, and forming a board to advise it on regulatory and political matters.
  • New Zealand's MBIE didn't immediately return a request for comment.

Read More: Binance Hires Big-Name Former Government Officials to Set Up Advisory Board




Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Amitoj Singh
Amitoj Singh

Amitoj Singh is a CoinDesk reporter.

Follow @amitoj on Twitter

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.