Binance has deepened its presence in the country of Kazakhstan, despite the ongoing regulatory turmoil in other parts of the world – namely, the United States.
- The world’s largest cryptocurrency exchange – Binance – has launched a regulated digital asset platform in Kazakhstan.
- According to the official release:
The new platform will offer Kazakhstani users exchange and conversion services, deposit and withdrawal of fiat, and custody of crypto assets. The suite of services and number of assets available for trading will expand going forward.
- The exchange will also continue to engage with local regulators to actively advance the adoption of crypto in the country, as well as to develop a robust regulatory framework for digital assets.
- It’s worth noting that Binance obtained its license in Kazakhstan back in October 2022.