Binance wants a Permanent Home for Headquarter

In a recent interview, Binance CEO unveiled that they are looking for a permanent location where they can set up their exchange Headquarter. 

Binance is the biggest crypto exchange by volume and they have crypto users from global markets and those countries where Binance is not allowed to operate their services, installed their affiliated independent crypto exchanges like Binance Singapore, Binance Australia. 

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In a recent interview with the South China Morning Post, Binance Ceo , Changpeng Zhao, said that as they are running a centralized exchange, they have to work under the full regulatory compliance of the regulators globally. And also there is a big need to work in the merger of the traditional institutional capital and crypto.

Further Binance ceo added that, when regulators asked about the permanent headquarter of Binance exchange, then there was no answer except, they don’t have any permanent headquarter. 

“The regulators ask us where’s your headquarters, and our response is, well, we don’t have headquarters. That doesn’t go well with regulators”

Further Binance ceo said that , around 4 years ago, we tried to work as decentralized services but we started with centralized mode, so they have to work with the compliance with the regulators. 

Changpeng Zhao didn’t revealed that where they will make permanent headquarter of Binance exchange, but there is huge chances that Binance may choose Singapore. 

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