Binance announced today that it has registered with Sweden’s Financial Supervisory Authority (Swedish FSA).
As a result, Swedish residents will have access to Binance’s offerings, which include—but are not limited to—buying and selling cryptocurrencies, transactions on its NFT marketplace, and staking via Binance Earn, Binance Pay, and Binance Pool.
With this approval, Sweden becomes the seventh European nation—joining France, Italy, Lithuania, Spain, Cyprus, and Poland—in which Binance can offer its Web3 services.
This move forward demonstrates Binance’s commitment to working collaboratively with regulatory organizations to respect global standards while expanding and diversifying its service offerings.
Binance has had a solid start to the new year, which has been bolstered by the launch of a promotion that lets users trade selected NFT collections with no trading costs and get up to 40,000 BUSD in rewards.
Before that, it launched various initiatives, including the integration of OpenSea NFTs into its marketplace, allowing for cross-platform purchases and simplified checkout, as well as the Ape NFT Staking Program, which allows users to stake Yuga Labs’ NFTs and earn ApeCoins.
