Binance teams up with German financial firm CM-Equity to expand in Europe
July 24, 2020, 7:50AM EDT
1 min read
Crypto exchange Binance has partnered with 18-year-old German financial services firm CM-Equity to expand in Europe.
CM-Equity provides asset management and brokerage services for financial products, including cryptocurrency. Through the partnership, Binance users will be able to trade crypto compliantly.
“By joining forces with CM-Equity, Binance will be able to broaden our services in Europe while ensuring compliance with local regulations,” said Binance CEO Changpeng “CZ” Zhao.
CM-Equity CEO Michael Kott said his firm is a “fully licensed digital assets platform” and will benefit from Binance’s liquidity and other services.
Binance has been increasing its focus on Europe. Earlier this year, the exchange hired former Huobi executive Josh Goodbody for leading growth in the continent and Latin America. Last week, Binance said its crypto payments card would debut in Europe and the U.K. in August.