In this article, we will discuss about where is Binance HQ located. It remains a rhetorical question to ask where Binance headquarters is located. Even the global exchange firm CEO did not provide a definite answer to the question when asked.
Where is Binance HQ Located?
Podcast host Laura Shin in a chat with Changpeng Zhao, Binance CEO at ConsenSys' Ethereal Summit on Thursday, asked the CEO where Binance headquarters is located.
Zhao responded, saying it is the beauty of blockchain. He liked the exchange firm to Bitcoin asking where the Bitcoin office is because Bitcoin does not have an office.
He said further that Binance has loads of offices with staff in 50 countries. He said the exchange firm is the new type of organization that does not need registered bank accounts and postal addresses
When probed further, Zhao said that the firm is not a traditional company, instead a large team of people working together for a common goal.
Binance exchange platform, no doubt, is one of the biggest and most popular crypto exchange firms globally. According to Wikipedia, the firm in 2018 was the largest cryptocurrency exchange in the world in terms of trading volume.
However, it has not spared it from suffering certain regulation defeat in China or other places where it relocated to. Reportedly, the firm was founded in China, and Binance Headquarters was also located in China from the start, not until when it had to move its servers and head office out of the country to Japan because of the Chinese government ban on crypto trading. The bandsaw other exchange firms moved out of China too, like KuCoin, OkCoin, etc.
Has Binance Search for a Headquarters Come to an End?
Last month, Binance registered three firms in Ireland, corporate registry documents show.
“Historically, we claim that we don’t have headquarters. We are just establishing a few headquarters in different parts of the world.” Changpeng Zhao said in an interview.
They asked if Ireland was the country that they were looking to establish headquarters in. Zhao responded affirmatively. He declined to give any further details about their plans for this location.
“When we first started, we wanted to embrace the decentralized principles. No headquarters, work all around the world, no borders,” he said. “It's apparent now that to run a centralized exchange. You need a centralized, legal entity structure behind it."
Trading volumes at Binance have been on a steady rise for some time now. Seemingly, this recent enforcement from regulators is having little impact on the platform.
Bottom Line
Establishing global headquarters is a major milestone for the world's largest cryptocurrency exchange by volume, as it has largely eschewed having one since its inception in 2017. This is about where is Binance HQ located.
