Even amid ongoing litigation with the Securities and Exchange Commission (SEC), Binance remains undeterred, ensuring that its customer-centric services remain uncompromised. The crypto exchange giant recently extended its zero-fee trading promotion to all TrueUSD trading pairs. In another major stride, Binance has declared the commencement of a regulated digital asset platform in Kazakhstan.
Expanding Zero Fee Trading Offer
In a recent statement, Binance confirmed its intention to broaden the scope of its zero-fee trading promotion. This expansion will now include all TrueUSD trading pairs, showcasing the exchange’s unwavering commitment to deliver optimal customer satisfaction despite the looming legal issues.
Also Read: Kazakhstan Financial Monitoring Agency Disbands Illegal Crypto Exchanges
Binance’s Regulated Footprint in Kazakhstan
In a separate announcement, Binance unveiled its plans to establish a regulated digital asset platform in the central Asian country, Kazakhstan. This initiative was fueled by a permanent license Binance received from the AIFC Financial Services Authority (AFSA) in October last year. This license allows Binance to operate a digital asset platform and provide custodial services within the Astana International Financial Center (AIFC).
With this license, Binance takes on a new role as a regulated platform in Kazakhstan, emphasizing its adherence to stringent compliance protocols and top-tier security measures. The new platform is sanctioned to offer a range of services such as exchange and conversion services, fiat currency deposits and withdrawals, crypto custody services, and exchange trading. Binance publicized the details of the launch at a press event on June 20, 2023.
In spite of the current SEC lawsuit, Binance’s recent moves signal that it remains focused on enhancing its offerings and reaching new markets. These advancements underscore Binance’s efforts to navigate regulatory scrutiny while still prioritizing the needs of its customers.
