Binance accepting credit card payments

Binance Teams Up With CM-Equity for European Expansion

Binance has partnered with CM-Equity AG, a leading German investment firm providing asset management and brokerage services for crypto assets, to expand services for German and European customers.
The blockchain company behind the world’s largest digital asset exchange will be able to make a mark in the European crypto trading ecosystem by teaming up with CM-Equity, which is a fully regulated German investment firm that is licensed by the German Financial Supervisory Authority (BaFin) to operate proprietary trading and brokerage services.
Through CM-Equity, Binance users residing in Europe will be able to further trade crypto assets and other financial products under a fully regulated environment.
Changpeng Zhao, CEO of Binance
Changpeng Zhao, CEO of Binance
Changpeng Zhao, CEO of Binance, said:  “By joining forces with CM-Equity, Binance will be able to broaden our services in Europe while ensuring compliance with local regulations. We are looking forward to a long-term partnership with CM-Equity to grow the digital assets industry in a sustainable way and expand our offerings for European clients.”
Michael Kott, CEO of CM-Equity, commented: “Binance offers the best trading experience in the market and we are thrilled to collaborate with the world’s number one. Our fully licensed digital assets platform will benefit from the best liquidity and frictionless service offered by Binance.”
The Malta-based cryptocurrency trading platform has recently launched a cloud operation to help business clients and partners set up their crypto exchanges using Binance’s tech infrastructure. The service includes matching engines, risk controls, and data security systems.
In February 2020, Binance made a new addition to its senior-level executive committee by onboarding Iskander Malikov to serve as its new Director for Fiat division for Europe and CIS (Commonwealth of Independent States) market regions. He is now responsible for establishing new fiat to crypto channels and gateways across the market region he is in charge of.
Binance has also recently acquired crypto-asset trading platform JEX, a specialist in spot and derivatives trading services which focuses os on further building the cryptoasset derivatives market, in order to offer Binance users with professional services including futures contracts, options, and other derivative products.
In 2019, Binance managed to recruit Catherine Coley, a senior executive from Ripple who was serving as head of the firm’s institutional liquidity. Coley joined Binance’s newly opened US arm as its Chief Executive Officer. The US operation targets American traders.
Also that year, Binance partnered with leading payment processing company Simplex to allow users to buy cryptocurrencies with their credit cards directly on its official domain. The new feature of accepting credit card payments for crypto is another step to support the broader use and accessibility of cryptocurrency worldwide.