Binance Secures License to Operate in Cyprus, Will Uniglo.io Get Listed on the Biggest Exchange?
Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.Binance, the world's leading exchange ranked by volume, has just expanded its user base and global influence yet again. The Cyprus Securities and Exchange Commission (CySEC) awarded Binance a class three crypto asset services registration.
Binance can now provide spot, custody, staking, and card services within Cyprus in complete compliance with CySEX's regulatory framework. Cyprus joins countries such as Italy, Spain, and France, by allowing Binance to operate within its borders.
Binance offers its service internationally, and investors can already access this exchange in more than 140 countries. The expansion into Cyprus means that residents of Cyprus will be able to choose between two leading exchanges. In March, one of Binance's leading rivals, FTX, established itself in Cyprus.
As inflation touches 9% and the economy slows in Cyprus, many Cypriots will welcome increased accessibility to digital assets.
Binance's listing requirements have always been vague, and many speculate that this is intentional. However, an observable trend within tokens listed on Binance is the integration of BNB & BUSD into the ecosystem and the fundraising phase.
Uniglo.io, a new value-backed asset continues to receive significant community engagement, and many believe it will list on Binance due to its generated buzz. Uniglo delivers a viable long-term store of value for investors through exposure to a unique mixture of assets.
The protocol funds asset acquisitions through taxes and uses this revenue stream to compound value for investors. The acquired assets include digital and high-end physical goods tokenized in NFT format. These
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