Binance Founder Announces Romanian Office as Part of Expansion in Europe

Binance Founder Announces Romanian Office as Part of Expansion in Europe

 

Changpeng Zhao (CZ), founder and chief executive officer (CEO) of Digital Currency exchange platform Binance, has announced the opening of its first office in Romania. During a visit to the nation, he met with high-ranking government officials and emphasized Binance Exchange is intentions to expand direct operations in Eastern Europe. Binance exchange is also set to Launch Romanian-Language Support this Fall, its CEO Unveiled in Bucharest.

 

Binance Exchange, the world is leading Digital Currency Exchange in terms of trading volume, is setting up its first office in Romania, CEO Changpeng Zhao announced during his stay in Bucharest, part of his regional tour. The exchange trading platform will also offer a Romanian language version of its support service, starting from October.

 

Also Read: Binance Receives License To Offer More Digital Asset Services In Dubai

 

The move is part of Binance exchange is plans for wider presence in Eastern Europe. The exchange platform already covers a large portion of the Digital Asset Market, with 120 million customers around the world using it to buy and sell various digital assets.

 

 

“We want to go global by playing locally in multiple geographies,” its founder elaborated, speaking to the Romanian business news outlet Profit.ro. “I think Eastern Europe is extremely crucial,” stressed the Chinese-born Canadian cryptocurrency entrepreneur.

 

Last year, Binance Exchange launched operations in Romania is southern neighbor, Bulgaria. The cryptocurrency exchange has been expanding its reach in other, major Eastern European markets and countries in the former Soviet space such as Russia, Ukraine and Kazakhstan.

 

Also Read: Binance Exchange CEO CZ Proclamation Roman Office As A Part Of Regional Expansion

 

Inflation and increasing energy prices, quite evident in Europe, have focused attention on digital currencies in the region, which means there are growth prospects, Zhao noted. He believes that the Cryptocurrency Market is in its infancy and expects digital currency payments, for example, to become more and more crucial.

 

In Bucharest, Binance exchange is chief executive met with the head of Romania is executive power, Prime Minister Nicolae Ciucă, and Minister of Digitalization Sebastian Burduja. The developing cryptocurrency industry has caught the attention of regulators. Mere regulation, however, will not eliminate the risks, says Zhao.

 

Crypto Market volumes fell sharply this year, amid worsening macroeconomic conditions aggravated by the military conflict in Ukraine. Zhao does not know when this downward trend will end but he is more concerned with increasing the number of cryptocurrency users than prices, the report remarks.