Binance is making a splash in Southeast Asia. The crypto exchange has signed a memorandum of understanding with the Securities and Exchange Regulator of Cambodia, according to a June 30 announcement. (Reporting via _prashantjha)
The leading crypto exchange has mended its relations since then and has forged critical partnerships in Asia over the past year in countries such as Thailand, Malaysia and Singapore.
The crypto exchange has also made a name for itself in offering governments technical expertise in crypto and helping them regulate the nascent sector. The exchange signed aBinance U.S. makes BTC trading fee-free as competitors feel the heat Binance’s regulatory in-roads in emerging markets have caught the attention of many, including Alex Gladstein, chief strategy officer at the Human Rights Foundation. Gladstein lauded Binance’s recent expansion into emerging markets such as Asia, Africa and the Middle East,“While Western cryptocurrency companies are buying Superbowl ads and sports stadium rights, Binance is ruthlessly and custodial taking over emerging markets in Asia, Africa, the Middle East, and Latin America. They are winning.
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