Binance Goes Live In Bahrain, Launches binance.bh

Binance, the most popular crypto exchange in the world, has expanded to Bahrain with the launch of binance.bh.

The binance.bh platform will let Bahraini users make deposits and withdrawals in their local currencies and access a range of regulated products and services from Binance. For Bahrain users to avail of this functionality, they must link their bank accounts with their binance.bh accounts.

This expansion, led by Binance, was conducted under the guidance of the Central Bank of Bahrain and the Economic Development Board.

The news came after Binance mentioned that it would be hiring despite other major exchanges slashing jobs considerably. Binance recently expanded operations into Sweden and now Bahrain.

Bahrain Central Bank Governor Rasheed Al Maraj stated: "The Central Bank of Bahrain (CBB) welcomes Binance's decision to establish a regional headquarters for its Middle East operations in Bahrain. CBB aims to develop a supervisory framework that facilitates innovation and appropriate regulatory controls for encrypted asset trading service providers and their clients, based on global trends and developments in financial services."

(Source: BITCOINIST)