Binance has registered with Sweden's Financial Supervisory Authority, making the Nordic country the seventh European jurisdiction in which the crypto exchange has been granted approval.
Swedish residents will now be able to buy and sell crypto in euros, access Binance's staking service and use the exchange's Visa card, among many other services, Binance announced on Wednesday.
The registration in Sweden follows Binance's registration in France, Italy, Lithuania, Spain, Cyprus and Poland.
At the Crypto Finance Conference in St. Moritz on Wednesday, Binance CEO Changpeng Zhao said the crypto exchange intends to continue its scaling plans, with goals of increasing its headcount by 15% to 30%.
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