Binance plans to open headquarters in the UAE

Representatives of the BINANCE cryptocurrency exchange are negotiating with the UAE regulators to locate the company's headquarters on the territory of the state.

The negotiations were conducted with representatives of special economic zones, including such large organizations as ADGM and Dubai Multi Commodities. However, so far there is no direct confirmation that the crypto exchange will settle in the UAE.

Interestingly, the general director of the cryptocurrency exchange Binance said last month that the place where the company's global headquarters will be opened has already been determined. According to him, the new jurisdiction will be announced as soon as it is possible to agree with the regulators of this country.

So it is entirely possible that Binance executives have chosen the UAE for this role. In support of this fact, it can also be cited that the crypto exchange recently hired several experienced employees who worked for Dubai companies.

Recall that the need to create a headquarters arose for the Binance cryptocurrency exchange under pressure from several regulators. At the same time, the management first considered the creation of an office in Singapore, where the CEO of the company lived for more than two years. However, the application was withdrawn last week.

Currently, it is planned to create several headquarters, as this will provide access to the local labor market and will raise the financial literacy of the population.

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