Binance Launches Regulated Platform in Bahrain, Expanding Presence in Region

• Binance, the world’s most popular crypto exchange, has launched binance.bh to offer Bahraini users access to regulated products and services.
• The launch was conducted under the guidance of the Central Bank of Bahrain and the Economic Development Board.
• Binance’s expansion into Bahrain is part of their strategy to expand operations into other countries.

Binance, the world’s most popular crypto exchange, has recently launched a new platform to offer Bahraini users access to a range of regulated products and services. The launch of binance.bh was conducted under the guidance of the Central Bank of Bahrain and the Economic Development Board.

The platform will enable users to make deposits and withdrawals in their local currency. They will also be able to top-up and withdraw money from their bank accounts, which must be linked to their binance.bh accounts. This expansion is part of Binance’s strategy to grow their presence in different countries and regions.

The announcement of Binance’s expansion into Bahrain was welcomed by Central Bank Governor Rasheed Al Maraj, who said: “As part of the ongoing collaboration between banks and industry and sector leaders, the Central Bank of Bahrain (CBB) welcomes Binance’s decision to establish a regional headquarters for its Middle East operations in Bahrain. CBB aims to develop a supervisory framework that facilitates innovation and appropriate regulatory controls for encrypted asset trading service providers and their clients, based on global trends and developments in financial services.”

Khalid Humaidan, CEO of the board, also commented on the launch of binance.bh, saying: “The launch of their platform reaffirms Bahrain’s position as a leading hub for financial services and fintech innovation in the region.” He added that Bahrain is a “strategic hub that provides a wealth of opportunities for international businesses.”

Binance’s expansion into Bahrain marks another milestone for the company. The exchange has recently been expanding its operations into other countries, including Sweden, and is continuing to work with different regulatory bodies to ensure that its users have access to secure, regulated services. With the launch of binance.bh, Bahraini users will now be able to access a range of products and services that are compliant with local regulations.

Binance’s expansion into Bahrain is a testament to their commitment to providing users with secure and regulated services. The exchange is continuing to work with different regulatory bodies to ensure that users have access to regulated products and services, and their launch of binance.bh is yet another example of their dedication to providing users with a safe and secure trading environment.

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