Binance, the world's largest trading platform for digital assets by daily volume, has selected Greece as its main European hub. According to Richard Teng, co-CEO of Binance, the company chose Greece due to its skilled workforce and high level of security.
The decision is seen as significant for Southeast Europe, where many countries are yet to issue their first MiCA licenses under the EU's Markets in Crypto Assets framework. Greece has applied for a license from Athens under the EU's latest regulations, which will allow it to operate across the region within the EU's framework.
The company has 300 million users around the world holding around $44 billion worth of bitcoin in their wallets and operates globally from Abu Dhabi. Teng highlighted that while the authorization is largely standardized, the company took into account other conditions such as social factors, talent pool, safety, and security issues when making its decision.