Binance is looking to further deepen its presence in the Asia-Pacific region.
The company’s regional director, SB Seker, told Nikkei Asia that it plans to acquire five more licenses in Asia this year, bringing the company’s global regulatory footprint to more than 20 territories.
The largest cryptocurrency exchange by trading volume currently has approval in Australia, India, Indonesia, Japan, New Zealand, and Thailand in the Asia-Pacific region. South Korea is expected to be added to that list once the company completes its acquisition of local exchange Gopax.
Mr Seker, who joined the company in September last year after holding positions at Crypto.com, Ant Group and the Monetary Authority of Singapore, did not name specific markets, but noted that some markets are close to finalization, while others are involved in ongoing discussions with local authorities.
This licensing effort reflects broader efforts to meet compliance standards across key markets while enhancing our product offerings to attract users. The platform has over 300 million registered accounts worldwide.
According to CoinGecko data, in 2025, Binance recorded spot trading volume of over $7.1 trillion, accounting for nearly 40% of the trading volume of the top 10 centralized exchanges.
“We are seeing strong growth from around the world, but APAC continues to lead the pack,” Seeker said.
The 2025 Consensus Report estimates that 535 million adults in Asia Pacific own or use digital assets.
The company withdrew from direct retail services in Singapore in 2021 after withdrawing its license application amid a tough regulatory stance. It still serves institutional customers.
Mr Seeker described Singapore as a potentially interesting market, but said the retail sector remained small.
Regarding recent reports that Binance allegedly transferred approximately $1.7 billion in funds associated with illegal organizations, Seeker said there is no evidence for the claims and reiterated that the company maintains strict customer cognition and compliance procedures across its operations.
The compliance team has grown by 30% each year over the past two years and now includes approximately 1,500 professionals.
“We are confident in addressing these allegations,” he said.
Disclosure: This article was edited by Vivian Nguyen. Please see our Editorial Policy for more information on how we create and review content.
