Binance, one of the largest cryptocurrency exchanges, has announced the launch of a new subpage specifically designed to cater to its customers in the United Kingdom. This move comes as a response to the changing regulations in the country. In compliance with the U.K.’s updated Financial Promotion Regime, Binance’s new website, www.binance.com/en-GB, will serve local residents.
While the company ensures that U.K. users will have access to a wide range of services, they will only be able to access ones that comply with local regulations. These services include fiat and cryptocurrency deposits and withdrawals, spot trading, margin trading, conversions, NFT markets, crypto lending, Binance Pay, and the ICO platform Launchpad. However, there are certain features that U.K. users will not be able to access, such as gift cards, referral bonuses, reference websites, and the news aggregator, Binance Feed. Binance had previously withdrawn its FCA registration for its U.K. subsidiary in June of this year, and it does not appear that the company plans to register in the U.K. at this time. Instead, Binance has partnered with a FCA-registered firm to approve its marketing materials under S21 gateway rules.
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