Binance Jersey shuts operations less than two years after launch

Cointelegraph

Published Oct 19, 2020 06:06AM ET

Updated Oct 20, 2020 08:00AM ET

Binance, the world's largest cryptocurrency exchange, announced that it will soon close down its Jersey-based subsidiary, Binance Jersey.

Binance launched its platform in Jersey as part of its expansion drive to tap into European markets. On Jan. 15, 2019, the exchange announced that Binance Jersey would allow fiat-to-cryptocurrency trading for European traders. At launch, the exchange supported Bitcoin (BTC) and Ether (ETH) trading against both the euro and the British pound.

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