Has Binance Search for a Headquarters Come to an End?

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The CEO of Binance, one of the world’s largest cryptocurrency exchanges. Told Reuters that they will be establishing several headquarters across Ireland.

In recent months, Binance has been the subject of scrutiny from regulators worldwide. Some have even banned them from certain activities. Yet, others warn consumers not to use this platform because it has no liscence.

In response, CEO Changpeng said that he wants to improve relations with regulators. And break away from its decentralized structure. He plans on establishing regional headquarters as well.

Last month, Binance registered three firms in Ireland, corporate registry documents show.

“Historically, we claim that we don’t have headquarters. We are just establishing a few headquarters in different parts of the world.” Changpeng Zhao said in an interview.

They asked if Ireland was the country that they were looking to establish headquarters in. Zhao responded affirmatively. He declined to give any further details about their plans for this location.

“When we first started, we wanted to embrace the decentralized principles. No headquarters, work all around the world, no borders,” he said. “It’s apparent now that to run a centralized exchange. You need a centralized, legal entity structure behind it.”

Trading volumes at Binance have been on a steady rise for some time now. Seemingly, this recent enforcement from regulators is having little impact on the platform.

What is Binance?

The Binance Smart Chain is an innovative blockchain developed by the Binance community. The BSC runs in parallel to the Binance chain. This means it can interact with other blockchains and smart contracts through Ethereum Virtual Machine (EVM).

Furthermore, the BSC Network is the first in a new generation of blockchains that are powered by native tokens. The network’s design goal was to achieve high transaction capacity while introducing smart contracts into its ecosystem. The smart contracts would enable users to create D