Binance is about to launch a regulated cryptocurrency trading platform in the UK. According to Reuters, the launch of the platform should take place before the end of this summer.
The UK branch will work with both institutional and retail investors. Clients of the platform will be able to buy and sell cryptocurrency using pounds sterling and euros. According to Reuters, the activity of the platform will be regulated by the Office of Financial Regulation and Control (FCA) of Great Britain.
At the time of launch, investors will have access to 65 digital assets. It will be possible to deposit and withdraw funds using the British banking system Faster Payments and the Single payment system in the euro area (SEPA).
Meanwhile, the price of the native exchange token of the platform Binance Coin (BNB) keeps trading in a sideways trend. At the moment, its value is $16.18.