Binance Secures Swedish Approval for European Expansion

Binance has received approval from the Swedish

Binance, the world’s leading cryptocurrency exchange, has received approval from the Swedish Financial Supervisory Authority to operate as a financial institution in the country.

This means that Swedish residents can now access Binance’s crypto services, including euro deposits and withdrawals.

This approval is a significant step in Binance’s ongoing expansion in Europe.

The exchange has already received approval from six other European Union member states, including France, Italy, Lithuania, Spain, Cyprus, and Poland.

Despite the ongoing challenges faced by the Web 3.0 industry, Binance is continuing to expand its operations. The company plans to increase its headcount by 15% to 30% in 2023, according to CEO Changpeng Zhao.

This hiring spree comes after Binance’s recent acquisitions of the Indonesian-based crypto exchange Tokocrypto and the regulated crypto exchange Sakura Exchange BitCoin in Japan.


Judith Faith has been writing about cryptocurrencies and blockchain technology for over five years. She is well versed in the industry and has an extensive network of industry contacts. She is also a frequent contributor to various cryptocurrency publications. With her vast knowledge and experience, she is able to provide insightful and valuable content to her readers. Judith is also an active investor in the cryptocurrency space and has a vested interest in the success of the industry. She is passionate about helping to foster the growth of the industry and believes in the power of blockchain technology to revolutionize the world.