Binance is seeking to deepen its presence within the Asia-Pacific area.
SB Seker, the corporate’s regional head, advised Nikkei Asia that they plan to acquire 5 extra licenses in Asia this 12 months, which might convey its international regulatory footprint to greater than 20 jurisdictions.
The biggest crypto trade by buying and selling quantity at the moment holds approvals in Australia, India, Indonesia, Japan, New Zealand, and Thailand throughout the Asia-Pacific area. South Korea is predicted to affix that listing as soon as the agency completes its acquisition of native trade Gopax.
Seker, who joined the agency final September after earlier roles at Crypto.com, Ant Group, and the Financial Authority of Singapore, declined to call particular markets however famous some are near finalization whereas others contain ongoing discussions with native authorities.
The licensing effort displays a broader push to satisfy compliance requirements throughout key markets whereas deepening product choices to draw customers. The platform has greater than 300M registered accounts globally.
In 2025, Binance recorded over $7.1 trillion in spot buying and selling quantity and accounted for practically 40% of exercise among the many prime 10 centralized exchanges, in response to CoinGecko knowledge.
“We’ve got sturdy development from all around the world, however APAC continues to be main the pack,” Seker stated.
A 2025 Consensus report estimated that 535 million adults within the Asia-Pacific area maintain or use digital belongings.
The corporate exited direct retail companies in Singapore in 2021 after withdrawing its license software amid a tricky regulatory stance. It nonetheless serves institutional shoppers there.
Seker described Singapore as a doubtlessly fascinating market however stated the retail section stays small.
Addressing current experiences that alleged Binance moved about 1.7 billion in funds tied to illicit entities, Seker stated the claims lacked proof and reiterated that the corporate maintains strict know-your-customer and compliance procedures throughout its operations.
The compliance staff has grown by 30% yearly over the previous two years and now consists of roughly 1,500 professionals.
“We’re assured of coping with these allegations,” he stated.
