Crypto exchange giant Binance announced today that its UK subsidiary has joined the self-regulating industry association CryptoUK, the Australian entity has become a part of the local fintech industry advocacy body Fintech Australia.
As an executive member of CryptoUK, Binance has joined the peer groups of Coinbase, Coin Shares, CryptoCompare, eToro, and Ripple, all of which are responsible for the association’s Code of Conduct, policy positions, and governance, ensuring a leading position for UK’s crypto exchange on a global scale.
“As a global leader in the digital asset industry, we are committed to working with both our industry peers and policymakers to facilitate discussion and education that foster sustainable policy development in the UK to support and promote a continued focus on financial services innovation,” Teana Baker-Taylor, UK director for Binance, said in a statement.
Australia – a Major Fintech Market
However, in Australia, the advisory group oversees the overall fintech industry rather than just crypto. Other members of the body include Afterpay, Square, Stripe, and Transferwise.
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Fintech Australia came into existence due to the growing operations of fintech companies in the country. Additionally, it works with the government in developing the industry.
“We’re excited to be joining the FinTech Australia community and look forward to collaborating with other members to champion local issues impacting our users and the wider industry,” Binance Australia CEO, Jeff Yew said.
“We aim to bring additional cryptocurrency expertise to FinTech Australia’s membership base. It’s important for us to continually drive awareness and education of cryptocurrencies to increase adoption in Australia. We believe this will lead to more innovation and economic opportunities across the nation.”
Meanwhile, Binance is continuing its expansion across different markets. It recently expanded services to the US state of Florida, now covering 38 states in the country.