Posted 2 years ago | by Ben Armstrong
Binance Shakes Hands with CM-Equity as Part of Its European Expansion
This is just one of the last moves in Binance’s expansion efforts in the last months, with more services and benefits being added for its users. To take advantage of everything Binance has to offer, make sure to click here.
Binance and CM-Equity will Broaden their Services while Staying Compliant
According to Binance’s latest announcement, users in Europe will be able to use services offered by CM-Equity in trading crypto assets and other financial products.
While both companies have not yet confirmed exact details on the new assets and financial products that will be provided, it is expected to have a considerable impact on the options European users will have when it comes to crypto.
Changpeng Zhao, Binance CEO, said that the new arrangement will help the company to comply with local regulation in Europe:
“By joining forces with CM-Equity, Binance will be able to broaden our services in Europe while ensuring compliance with local regulations.”
Access to More Cryptocurrencies for Binance Users
CM Equity is a German asset management and brokerage company licensed by the German Financial Supervisory Authority (BaFin), which provides a crypto-asset management service for its clients.
The company will be managing accounts registered on Binance by using its trading strategies via its partnership with Binance.
The goal of the new partnership is to make cryptocurrency investments more accessible to Europeans, especially clients in Germany.
Michael Kott, CEO for CM-Equity, said that the company will receive the best liquidity and frictionless service from Binance as the part of this partnership:
“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 new collaboration will allow European investors to put their crypto portfolio in the hands of experienced traders while avoiding the loss of money, a process similar to how hedge funds manage money for traditional investors.
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