The post Binance doubles down on APAC, plans 5 new licenses this year to expand global footprint appeared on BitcoinEthereumNews.com. Binance is looking to deepenThe post Binance doubles down on APAC, plans 5 new licenses this year to expand global footprint appeared on BitcoinEthereumNews.com. Binance is looking to deepen

Binance doubles down on APAC, plans 5 new licenses this year to expand global footprint

For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

Binance is looking to deepen its presence in the Asia-Pacific region.

SB Seker, the company’s regional head, told Nikkei Asia that they plan to obtain five additional licenses in Asia this year, which would bring its global regulatory footprint to more than 20 jurisdictions.

The largest crypto exchange by trading volume currently holds approvals in Australia, India, Indonesia, Japan, New Zealand, and Thailand across the Asia-Pacific region. South Korea is expected to join that list once the firm completes its acquisition of local exchange Gopax.

Seker, who joined the firm last September after previous roles at Crypto.com, Ant Group, and the Monetary Authority of Singapore, declined to name specific markets but noted some are close to finalization while others involve ongoing discussions with local authorities.

The licensing effort reflects a broader push to meet compliance standards across key markets while deepening product offerings to attract users. The platform has more than 300M registered accounts globally.

In 2025, Binance recorded over $7.1 trillion in spot trading volume and accounted for nearly 40% of activity among the top 10 centralized exchanges, according to CoinGecko data.

A 2025 Consensus report estimated that 535 million adults in the Asia-Pacific region hold or use digital assets.

The company exited direct retail services in Singapore in 2021 after withdrawing its license application amid a tough regulatory stance. It still serves institutional clients there.

Seker described Singapore as a potentially interesting market but said the retail segment remains small.

Addressing recent reports that alleged Binance moved about 1.7 billion in funds tied to illicit entities, Seker said the claims lacked evidence and reiterated that the company maintains strict know-your-customer and compliance procedures across its operations.

The compliance team has grown by 30% annually over the past two years and now includes roughly 1,500 professionals.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.

Source: https://cryptobriefing.com/binance-apac-expansion-global-footprint/

Market Opportunity
Ucan fix life in1day Logo
Ucan fix life in1day Price(1)
$0.0004178
$0.0004178$0.0004178
-1.04%
USD
Ucan fix life in1day (1) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Stablecoins firm as Mastercard enables stablecoin settlement

Stablecoins firm as Mastercard enables stablecoin settlement

The post Stablecoins firm as Mastercard enables stablecoin settlement appeared on BitcoinEthereumNews.com. What Mastercard’s Crypto Partner Program is and how it
Share
BitcoinEthereumNews2026/03/12 10:44
South Africa launches HIV vaccine trial

South Africa launches HIV vaccine trial

South Africa HIV vaccine trial efforts are advancing after researchers launched the first locally developed HIV vaccine study on the continent.   South Africa expands
Share
Furtherafrica2026/03/12 09:30
UK Looks to US to Adopt More Crypto-Friendly Approach

UK Looks to US to Adopt More Crypto-Friendly Approach

The post UK Looks to US to Adopt More Crypto-Friendly Approach appeared on BitcoinEthereumNews.com. The UK and US are reportedly preparing to deepen cooperation on digital assets, with Britain looking to copy the Trump administration’s crypto-friendly stance in a bid to boost innovation.  UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent discussed on Tuesday how the two nations could strengthen their coordination on crypto, the Financial Times reported on Tuesday, citing people familiar with the matter.  The discussions also involved representatives from crypto companies, including Coinbase, Circle Internet Group and Ripple, with executives from the Bank of America, Barclays and Citi also attending, according to the report. The agreement was made “last-minute” after crypto advocacy groups urged the UK government on Thursday to adopt a more open stance toward the industry, claiming its cautious approach to the sector has left the country lagging in innovation and policy.  Source: Rachel Reeves Deal to include stablecoins, look to unlock adoption Any deal between the countries is likely to include stablecoins, the Financial Times reported, an area of crypto that US President Donald Trump made a policy priority and in which his family has significant business interests. The Financial Times reported on Monday that UK crypto advocacy groups also slammed the Bank of England’s proposal to limit individual stablecoin holdings to between 10,000 British pounds ($13,650) and 20,000 pounds ($27,300), claiming it would be difficult and expensive to implement. UK banks appear to have slowed adoption too, with around 40% of 2,000 recently surveyed crypto investors saying that their banks had either blocked or delayed a payment to a crypto provider.  Many of these actions have been linked to concerns over volatility, fraud and scams. The UK has made some progress on crypto regulation recently, proposing a framework in May that would see crypto exchanges, dealers, and agents treated similarly to traditional finance firms, with…
Share
BitcoinEthereumNews2025/09/18 02:21