Binance exchange launches operations in Bahrain

Binance exchange launches operations in Bahrain

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by dapp_writer005

4 years ago

The crypto exchange said that customers of Binance.bh have the opportunity to use all the services, provided by the platform in national currencies. Bahrain for Binance is the main business center, giving the exchange prospects for development in the states of the Persian Gulf.

As soon as the CASP category 4 license was obtained in May 2022, activities began regarding the launch of the regulated office of the cryptocurrency exchange in Bahrain.

After 5 months, Binance was able to assure the Bahrain regulators that they were ready for a deal and working together to ensure the safety of participants and the integrity of the market. This gave Binance.bh the opportunity to gain a foothold in the state.

The start of activity of Binance.bh indicates that Bahrain is even more established as the main center of crypto services and financial and technical innovations in the state.Executive Director of the Bahrain Economic Development Council, Khalid Humaidan

Earlier it became known that Binance declared a new war of stablecoins.

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