Binance wins regulatory license in Sweden; now authorised in 7 EU nations

By Gloria Methri

Binance Nordics has been granted registration as a financial institution for management and trading in virtual currency by the Swedish Financial Supervisory Authority (FSA). Binance Nordics AB holds registration number 66822.

Swedish residents will now be able to access Binance’s broad range of crypto and Web3 services, including euro deposits and withdrawals, crypto buying with euro, trading, staking, and the Binance Visa Card.

Sweden becomes the seventh EU Member State in which Binance has been granted authorisation, following authorisations in France, Italy, Lithuania, Spain, Cyprus, and Poland.

Richard Teng, Head of Europe and MENA at Binance, said, “Our registration in Sweden is the result of many months of diligent, hard work from our team, underpinning our commitment to the Swedish market and our users. We are deeply grateful for the support from the Swedish Financial Services Authority throughout the application process and for the approval. Sweden is now amongst the growing list of global jurisdictions that have granted regulatory approval to Binance.”

Roy van Krimpen, Nordics and Benelux Lead added, “Sweden fully adopts EU laws and has further local requirements, so we have been careful to ensure that Binance Nordics AB has adopted risk and AML policies to match this exacting standard. Our next big task will be the successful migration and launch of local operations, including the hiring of local talent, organizing more events, and delivering more crypto education in Sweden.”

Products available to Swedish users will include, Crypto buy/sell with EUR, spot trading, margin trading, staking through Binance Earn, Binance Pay, Binance Pool, NFT marketplace, fan tokens, Binance Visa Card, crypto convert function, Launchpad, Launchpool, Savings, BNB Vault, auto-invest, and Custody.