Globetrotting Binance looks to Ireland for ‘centralized’ headquarters
Binance established three subsidiaries in Ireland during September and the globe trotting exchange may be settling down. Under pressure from regulators around the world, major exchange Binance is looking to establish a headquarters in Ireland. Until now it has operated globally for years under what its chief executive, Changpeng Zhao (CZ) has described as a “decentralized” structure.An Oct. 6 report from Irish media outlet Independant noted that Binance had established three subsidiaries in the country on Sept. 27 — Binance (APAC) Holdings, Binance (Services) Holdings, and Binance....
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The announcement stated that the program is the largest ever announced in the crypto space. The Binance cryptocurrency exchange has announced a $1 billion accelerator fund to expand the capabilities of the Binance Smart Chain ecosystem and advance mainstream adoption across the financial technology sector.The exchange showcased the eight-figure fund in a tiered development model across four specialist areas: Talent Development, Liquidity Incentive Program, Builder Program, Investment & Incubation Program. The announcement suggested that they will allocate $100M, $100M, $300M and $500M to....