Binance founder CZ announces Romanian office as part of regional expansion

Binance cryptocurrency

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Binance founder CZannounces Romanian office as part of regional expansion

Binanceto Launch Romanian-Language Support This Fall, Exchange CEO Unveiled in Bucharest Revealed during,part of a regional tour. The trading platform will also offer a Romanianversion of its support service starting in October.

The move ispart of Binance's plans for a wider expansion in Eastern Europe. Theexchange already covers a large part of the crypto asset market, with 120million customers around the world using it to buy and sell various digitalcurrencies. Speaking to Romanian business news outlet Profit.ro, itsfounder elaborated, "We want to go global by playing locally in manymarkets."

“I thinkEastern Europe is extremely important,” stressed the Chinese-born Canadian crypto entrepreneur. Zhaoadded that inflation and rising energy prices, as evident in Europe, havefocused cryptocurrencies in the region, meaning there is potential for growth.He believes that the crypto market is in its infancy and expects cryptocurrencypayments, for example, to become more and more important.

In Bucharest,the Chief Executive of Binance met with the head of executive power ofRomania, Prime Minister Nicolae Ciuca and Digitization Minister SebastianBarduja. The developing crypto industry has attracted the attention ofregulators. Zhao says, however, that regulation alone will not eliminate therisks.

Marketvolume declined sharply this year amid a deteriorating economic situation dueto the military conflict in Ukraine. The report states that CZ does not knowwhen this decline will end, but he is more concerned with increasing the numberof crypto users than with the price.

Binance, Romanian-Language, Eastern Europe, digital currencies, Ciuca and Digitization Minister Sebastian Barduja, crypto users, crypto asset market, cryptocurrencies, Zhao 

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