Binance plans to build office in the Channel Islands

posted 5 months ago
After recently building an office in Malta, the largest exchange in the world by trading volume, Binance, has decided to open up another office, this time in the Channel Islands (Jersey island, between the UK and France), giving it more flexibility for operating within the UK and European markets

“Global expansion strategy... also form a strong operational foundation for our expansion into the rest of Europe” Binance CEO Zhao Changpeng said.

The nation has favorable privacy and tax conditions for businesses that want to set up their financial accounts there. Binance will have to pay a 10% tax on its income.
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