Binance will launch Binance UK, a fiat currency trading platform in the UK this summer


The Mars Finance APP (WeChat: hxcj24h) reported on the front line that on June 17, according to Reuters, Binance will launch Binance UK, a cryptocurrency trading platform in the UK this summer, which allows local institutions and retail investors to buy and sell in pounds and euros. Cryptocurrencies, and is subject to the supervision of the UK Financial Market Conduct Authority (FCA). (Note: In addition to the UK market, Binance has currently created legal currency trading platforms in Singapore, South Korea, Uganda and Jersey, etc.)

According to reports, Binance UK may list 65 types of Crypto assets, and will transfer funds directly between banks through the UK Faster Payments Service and the Single Euro Payments Area network to buy and sell Crypto data for users. Currency services.

Reuters pointed out that the institutional investors of the Binance Exchange have been growing this year. Data shows that the number of new institutional investors on the platform increased by 47.4% in the first quarter of this year. Over the same period, spot trading volume rose 113% month-on-month, while futures trading volume increased by 217%.

As of press time, BNB quoted 16.46 US dollars, up 0.31% in 24 hours.

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