Binance begins its operations in France

Binance established itself as a digital asset service provider in France, the stock market watchdog AMF reports. It has enabled trading and custody services for crypto assets, such as Bitcoin, and cryptocurrencies.

It handles a trading volume of more than $14 billion (including $50 billion) in derivatives (per day). You should know that France is the first country to allow Binance to operate inside the country. In Lithuania, it is supervised by regulators, and it is also seeking permission from Swedish companies. In Europe, Paris will have the first Binance headquarters, according to CEO and founder Changpeng Zhao.

CZ mentioned unlike other European countries, France is quite progressive despite having strict regulations, which makes it an ideal place to begin.