Goes Into German Market through Partnership With Crypto Investment Firm
CM-Equity has a crypto custody license with Germany’& rsquo; s Financial Supervisory Authority (BaFin), enabling Binance, the biggest crypto exchange by volume, to operate in the German market.
Digital asset custodians in Germany need to be certified, per a law passed in January 2020. Crypto firms have scrambled to understand the new mandate; BaFin offered extra clarity on the brand-new guidelines in February.
“& ldquo; Depending on the residency of the user, some services were restricted and/or not marketed in certain jurisdictions,” & rdquo; Wei Zhou, Binance’& rsquo; s primary financial officer, stated through e-mail. “& ldquo; This partnership enables Binance to provide more services and market straight to more nations in Europe.”&
rdquo; The exchange would not clarify what type of new services it would use with CM-Equity, saying it would announce them in the coming months and weeks.
“& ldquo; Binance offers the very best trading experience in the market and we are thrilled to work together with the world’& rsquo; s number one, & rdquo; CM-Equity CEO Michael Kott stated in a news release. “& ldquo; Our totally certified digital properties platform will gain from the very best liquidity and frictionless service used by Binance.”& rdquo; https://markethive.com/tatana/page/tatana.
Binance has partnered with certified German financial investment firm CM-Equity to offer crypto asset management and brokerage services in Germany and Europe.