Binance Sets up Shop in New Zealand
Binance New Zealand has now officially launched!
The Binance platform in New Zealand seeks to make financial opportunities more easily available to Kiwis.
Find out how you can join the Binance New Zealand ecosystem today.
Binance New Zealand has officially launched! Here’s what our leaders have to say about this strategic move and how it furthers our vision of providing global financial services.
We have officially launched Binance New Zealand following successful registration as a Financial Service Provider on September 10, 2022! At the helm of Binance New Zealand is General Manager Ben Rose, who previously served as Chief Commercial Officer (CCO) of local tech company CodeHQ.
“Having the world’s leading crypto business registered to operate in New Zealand not only means access to the lowest trading fees, it also means Kiwis can expect to have access to many exciting global product and service innovations happening in this space.” – Ben Rose, General Manager of Binance New Zealand
The registration permits Binance to operate in New Zealand and offers a variety of financial services, such as spot trading, NFTs, staking, and more.
Binance New Zealand hopes to provide a robust platform for Kiwis to trade and build their portfolios with peace of mind. With one of the world’s lowest trading fees and largest user bases, Binance caters to traders, investors, and everyone interested in the future of Web3.
“A lot of major tech firms are slow to open a New Zealand office. I guess for some, it’s easy to overlook as it’s a smaller market but we see significant value in having a serious New Zealand presence. The history of fintech innovation in New Zealand is very well known, with one of the earliest and most rapid uptakes of digital transactions in the world.” – CZ, Binance founder and CEO
According to CZ, with New Zealand boasting a rapid increase in digital transactions, the decision to open a New Zealand office was strategic. As a decentralised organisation seeking global regulatory approval, Binance has successfully received licenses to operate in several countries this year, including Dubai, France, and Spain.
Investbybit Limited (trading as "Binance New Zealand") is a limited liability company duly incorporated in New Zealand (company number 7101293). Binance New Zealand is registered on the New Zealand register of financial service providers (FSP number FSP1003864) to provide a range of financial services. Binance New Zealand is not licensed by a New Zealand regulator to provide these financial services. Binance New Zealand's registration on the New Zealand register of financial service providers does not mean that Binance New Zealand is subject to active regulation or oversight by a New Zealand regulator.