Binance Begins Preparations to Launch Payment and Trading Services in Dubai

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The world's largest cryptocurrency exchange   Binance has begun preparations for the launch of its payment and trading services in Dubai. it is reported by the South CHINA Morning Post.

The site expects to start providing services in June. To do this, the company is working with local banks and recruiting regional managers and compliance officers in Dubai and Bahrain. At first, Binance will be able to offer its services only to qualified investors and financial institutions, then retail investors will be able to use the platform.

“Regulators in the Middle East region see that supporting the development of crypto assets is critical to the development of the Web3 ecosystem,” said Richard Tang, HEAD of the Binance Middle East and North Africa region.

He added that trading in cryptocurrencies is just one of the lines of business that the exchange can deploy in the region. 

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A regulated market where sellers and buyers meet, trading in various assets: stocks, bonds, currencies, futures, commodities. Everyone can become a participant in trading on the stock exchange - for this you need to open a brokerage account. Each transaction is concluded at a market price, is completed almost instantly, and is also registered and controlled. More