After France's Nod, Binance Faces Germany to Deepen Ties in Europe
- Binance is seeking an operating license from BaFin.
- The exchange received France's AMF DASP registration last month.

Binance, the world’s largest cryptocurrency exchange by trading volume, is seeking a license from Germany’s Federal Financial Supervisory Authority (BaFin) to operate in the country.
The Founder and Chief Executive Officer of Binance, Changpeng Zhao, disclosed this on Wednesday in an interview at the Finance Forward Fintech Conference in Hamburg, Germany.
“Our team definitely is talking with regulators here and in all of Europe,” Zhao said in the interview, BBN Bloomberg reports.
Finance Magnates reported last month that France’s financial watchdog, the Finance Markets Authority (AMF), granted Binance a Digital Asset Service Provider (DASP) registration.
The registration was granted with the approval of the Prudential Supervisory and Resolution Authority ( ACPR ), an institution responsible for monitoring banking and insurance activities in France.
“The registration of Binance France as a DASP is a key milestone for crypto in Europe. In particular, the new levels of protection for anti-money laundering (AML) will help grow crypto adoption in France and Europe,” David Princay, the CEO of Binance France, said in an announcement.
Last year, Binance stopped offering its futures and derivatives products across Europe, starting with Germany, Italy and the Netherlands.
“With immediate effect, users from these countries will not be able to open new futures or derivatives products accounts,” the exchange wrote in an official notice.
In addition, the exchange ended its support for stock token offers after many European regulators including BaFin showed their discontent.
Recent Moves
Binance is one of the 19 co-investors that committed $7.1 billion to Elon Musk’s Twitter takeover bid.
Zhao described the exchange’s $500 million total aggregate commitment to the deal as “a small contribution to the cause.”
Meanwhile, the cryptocurrency exchange Cryptocurrency Exchange A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) for short.How Does Trading Take Place on a Crypto Exchange?Cryptocurrency trading occurs over a centralized exchange, although these crypto exchanges should be used with caution given the implications that surround the custody of new assets. Similar to the banking industry, when a crypto exchange holds cryptocurrencies of users they accrue interest and are no longer classified as client money.These provide an accessible platform for not only companies, hedge funds, and retail traders for exchanging digital currencies.Additionally, crypto exchanges serve a critical role in producing stability within the cryptocurrency sector given how the sourcing and pricing of these assets are innately volatile. One could think of a crypto exchange as an intermediary who provides a service by connecting buyers and sellers from various markets under one roof. In exchange for facilitating trades and for services rendered, a digital currency exchange generally collects a fee of an outgoing transaction that averages between 0.20% to 0.25% or will request a deposit fee that has been known to be as high as 11% for credit card deposits. Crypto exchanges may also support the exchange of crypto tokens, such as the Binance Token, which is ranked as the 9th most valuable cryptocurrency in the world. A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) for short.How Does Trading Take Place on a Crypto Exchange?Cryptocurrency trading occurs over a centralized exchange, although these crypto exchanges should be used with caution given the implications that surround the custody of new assets. Similar to the banking industry, when a crypto exchange holds cryptocurrencies of users they accrue interest and are no longer classified as client money.These provide an accessible platform for not only companies, hedge funds, and retail traders for exchanging digital currencies.Additionally, crypto exchanges serve a critical role in producing stability within the cryptocurrency sector given how the sourcing and pricing of these assets are innately volatile. One could think of a crypto exchange as an intermediary who provides a service by connecting buyers and sellers from various markets under one roof. In exchange for facilitating trades and for services rendered, a digital currency exchange generally collects a fee of an outgoing transaction that averages between 0.20% to 0.25% or will request a deposit fee that has been known to be as high as 11% for credit card deposits. Crypto exchanges may also support the exchange of crypto tokens, such as the Binance Token, which is ranked as the 9th most valuable cryptocurrency in the world. Read this Term recently signed a five-year sponsorship deal with the Argentine Football Association.
Binance, the world’s largest cryptocurrency exchange by trading volume, is seeking a license from Germany’s Federal Financial Supervisory Authority (BaFin) to operate in the country.
The Founder and Chief Executive Officer of Binance, Changpeng Zhao, disclosed this on Wednesday in an interview at the Finance Forward Fintech Conference in Hamburg, Germany.
“Our team definitely is talking with regulators here and in all of Europe,” Zhao said in the interview, BBN Bloomberg reports.
Finance Magnates reported last month that France’s financial watchdog, the Finance Markets Authority (AMF), granted Binance a Digital Asset Service Provider (DASP) registration.
The registration was granted with the approval of the Prudential Supervisory and Resolution Authority ( ACPR ), an institution responsible for monitoring banking and insurance activities in France.
“The registration of Binance France as a DASP is a key milestone for crypto in Europe. In particular, the new levels of protection for anti-money laundering (AML) will help grow crypto adoption in France and Europe,” David Princay, the CEO of Binance France, said in an announcement.
Last year, Binance stopped offering its futures and derivatives products across Europe, starting with Germany, Italy and the Netherlands.
“With immediate effect, users from these countries will not be able to open new futures or derivatives products accounts,” the exchange wrote in an official notice.
In addition, the exchange ended its support for stock token offers after many European regulators including BaFin showed their discontent.
Recent Moves
Binance is one of the 19 co-investors that committed $7.1 billion to Elon Musk’s Twitter takeover bid.
Zhao described the exchange’s $500 million total aggregate commitment to the deal as “a small contribution to the cause.”
Meanwhile, the cryptocurrency exchange Cryptocurrency Exchange A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) for short.How Does Trading Take Place on a Crypto Exchange?Cryptocurrency trading occurs over a centralized exchange, although these crypto exchanges should be used with caution given the implications that surround the custody of new assets. Similar to the banking industry, when a crypto exchange holds cryptocurrencies of users they accrue interest and are no longer classified as client money.These provide an accessible platform for not only companies, hedge funds, and retail traders for exchanging digital currencies.Additionally, crypto exchanges serve a critical role in producing stability within the cryptocurrency sector given how the sourcing and pricing of these assets are innately volatile. One could think of a crypto exchange as an intermediary who provides a service by connecting buyers and sellers from various markets under one roof. In exchange for facilitating trades and for services rendered, a digital currency exchange generally collects a fee of an outgoing transaction that averages between 0.20% to 0.25% or will request a deposit fee that has been known to be as high as 11% for credit card deposits. Crypto exchanges may also support the exchange of crypto tokens, such as the Binance Token, which is ranked as the 9th most valuable cryptocurrency in the world. A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) for short.How Does Trading Take Place on a Crypto Exchange?Cryptocurrency trading occurs over a centralized exchange, although these crypto exchanges should be used with caution given the implications that surround the custody of new assets. Similar to the banking industry, when a crypto exchange holds cryptocurrencies of users they accrue interest and are no longer classified as client money.These provide an accessible platform for not only companies, hedge funds, and retail traders for exchanging digital currencies.Additionally, crypto exchanges serve a critical role in producing stability within the cryptocurrency sector given how the sourcing and pricing of these assets are innately volatile. One could think of a crypto exchange as an intermediary who provides a service by connecting buyers and sellers from various markets under one roof. In exchange for facilitating trades and for services rendered, a digital currency exchange generally collects a fee of an outgoing transaction that averages between 0.20% to 0.25% or will request a deposit fee that has been known to be as high as 11% for credit card deposits. Crypto exchanges may also support the exchange of crypto tokens, such as the Binance Token, which is ranked as the 9th most valuable cryptocurrency in the world. Read this Term recently signed a five-year sponsorship deal with the Argentine Football Association.