Binance Expands Into Uzbekistan Market

Date

1/17/2025 6:09:56 AM

(MENAFN- Trend News Agency)
BAKU, Azerbaijan, January 17. Uzbekistan’s
National Agency for Advanced Projects (NAPP) and Binance have
reached an agreement on customer service in the country, Trend
reports.

According to Binance, the agreement allows the platform to
provide services to residents of Uzbekistan through a licensed
partner.

Furthermore, Binance will operate in Uzbekistan through its
local partner, COINPAY LLC. Now Binance users will be able to
deposit and withdraw funds in the national currency using bank
cards and national payment systems via the official website of the
LLC.

“Reaching an agreement with the regulator of Uzbekistan is an
important moment for Binance. It underscores our commitment to
working with local authorities and creating a safe and innovative
environment for cryptocurrencies and blockchain technologies
worldwide. We are pleased to continue our operations in Uzbekistan
and contribute to the growth and development of the cryptocurrency
industry in the region,” commented Kyrylo Khomiakov, Binance’s
Regional Head of Central and Eastern Europe, Central Asia, and
Africa.

To note, Binance is the world’s leading cryptocurrency
infrastructure provider with a suite of financial products that
include the largest digital asset trading exchange by volume.

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