Binance partners with Scrive for expansion into Nordics and Benelux

By Gloria Methri

Sweden-based electronic signature and identification solutions provider Scrive has entered a partnership with Binance to support the latter’s entry into new markets in the Nordics and Benelux.

Binance is a provider of blockchain infrastructure for online asset exchanges, with a 24h trading volume of $76 billion and 120 million registered users worldwide.

The company will use Scrive’s products, services, and expertise in the areas of secure identification, login functionality, and Know Your Customer (KYC) to support its market entry, starting with Sweden and Denmark. Binance already uses Scrive’s eID Hub to securely identify and confirm the identity of its customers.

“Whether into cryptocurrencies or other assets, investing online is one of those areas where security and trust in your service provider matter most. Therefore, especially in highly regulated or very mature markets such as in the Nordics and Benelux states, service providers need to ensure secure identification processes for their users to distinguish themselves from their competitors and satisfy regulatory demands. We are very happy to welcome Binance on board as a Scrive partner”, said George Amanatiadis, VP of Sales and Customer Success for BFSI at Scrive.

Established in 2010, Scrive automates agreements-based business processes with electronic signature and identification solutions. A Nordic market leader in e-signing, Scrive claims to be the first to use blockchain technology to secure document integrity. Today, more than 6000+ customers in 50+ countries rely on Scrive, to onboard and sign agreements with their customers, partners, and employees.