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.
