Binance Expands Asian Presence Amid Growing Crypto Adoption

Binance, the world's largest cryptocurrency exchange, is expanding its presence in Asia as it looks to secure more licenses across the region. Co-CEO Richard Teng told CNA that the company expects to announce more regulatory approvals and partnerships in Asia this year, building on its existing presence in markets such as Japan and India.

Teng noted that Binance remains 'very bullish' on the Asia Pacific market, citing strong cryptocurrency adoption across the region. The company has recently expanded into the Philippines through a partnership with fintech firm BlockShoals Technologies.

Binance is also committed to operating in the European Union despite withdrawing its Markets in Crypto-Assets Regulation (MiCA) license application in Greece last month. Teng attributed the setback to delays in the approval process, stating that the company remains 'very supportive' of the EU agenda and MiCA itself.