Binance, the largest cryptocurrency exchange in the world. announceAs a result of the acquisition, Binance will be able to use their coins in more than 70 million locations worldwide as a result of the acquisition.
Back on July 6, 2020, Binance announced the acquisition of a majority stake in Swipe, stating that the new collaboration will enhance the adoption of cryptocurrencies by linking fiat money and crypto assets. And Binance’s acquisition of Swipe will make it more competitive with smaller crypto providers such as PayPal and Mastercard that offer similar cryptocurrency-related services.
Swipe’s current CEO, Joselito Lizarondo, will resign. Upon completion of the acquisition, as confirmed by Binance
Even though Binance has had regulatory impact this year. But that hasn’t stopped the company from expanding its presence through new acquisitions and expanding its services to new markets. Binance recently received approval for a Bahrain Central Bank license. to operate as a crypto asset provider as well as a financial license Binance Canada Capital Market’s Canadian cryptocurrency
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