According to Milano Finanza, after Binance Italy obtained regulatory approval in May 2022, it accumulated 385 million euros worth of cryptocurrencies within a few months. The funds belong to the users and their security is guaranteed. In 2022, its revenue exceeded the 3 million euro mark.
It is reported that on May 27, 2022, Binance announced that Binance Italy has registered as a cryptocurrency service provider with the "Organismo Agenti e Mediatori" (OAM) and has obtained regulatory approval in compliance with Italian legal requirements for crypto assets.
