Binance is targeting further expansion in Asia, with its regional head confirming the expectation of five additional licenses across the continent this year. If secured, this would expand Binance’s regulatory footprint to more than 20 jurisdictions worldwide, reinforcing its global presence.
Speaking to Nikkei Asia, SB Seker, Binance’s head of Asia-Pacific, emphasized the focus on the APAC region, citing it as the fastest-growing area for crypto adoption. The exchange already holds licenses in India, Indonesia, Japan, New Zealand, Thailand, and Australia, and is also looking to re-enter Singapore, where it previously withdrew retail services in 2021, though institutional operations continue.
Seker noted that licensing discussions vary by market, with some close to finalization and others still negotiating compliance with local authorities. Binance is positioning these expansions as part of its broader strategy to capitalize on strong regional growth while strengthening regulatory legitimacy.
The company is concurrently addressing scrutiny in the U.S., following reports that roughly $1.7 billion in crypto transactions flowed to Iranian entities linked to terrorist organizations. Senator Richard Blumenthal has launched a formal inquiry, though Binance asserts that its compliance measures have cut exposure to sanctioned markets by over 97% and that the allegations are “not substantiated.” Seker highlighted that the exchange’s compliance team is among the strongest in the industry, stressing confidence in addressing regulatory concerns.
