Monday, December 4, 2023

Binance’s Bahrain licence has been upgraded to allow for more cryptocurrency services.

Binance is one of the leading crypto exchanges in the world and is now available in a majority of the countries. Not only is it a great place to track crypto charts but also a great one to buy and sell it. It is a global leader and the de facto exchange for many crypto enthusiasts.

Adding more laurels to its ever-growing list of accomplishments, Binance recently got the Category 4 license awarded to them by Central Bank of Bahrain. This means that the exchange will now be able to add more services to its roster for the country and its crypto enthusiasts.

They were awarded a preliminary license in December and in March a full license. The level 4 license will let Binance add crypto-asset exchange services to their app and website.

In 2021 the crypto exchange was targeted by the UK, Japan, and Israel for having no buyer protection in case the cryptocurrency goes to 0. Since then Binance has established bases in Abu Dhabi and Dubai. They are also now operating as a broker-dealer in the UAE on provisional approval.

With the growing popularity of crypto and more and more countries warming up to them, Binance is doing everything in its power to be the first one there. They have also been great at complying with local laws and have set an example for all the crypto exchanges to follow.

If you have been planning to buy crypto then right now is the best time to do so.

Cryptured Team
Cryptured Team
The writers team at is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.

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