Binance plans to secure five more licenses in Asia as part of expansion strategy

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Sergey Shendetskyi

04.03.2026

Binance plans to secure five more licenses in Asia as part of expansion strategy — Binance expands in Asia

Cryptocurrency exchange Binance plans to strengthen its presence in Asian markets by obtaining five additional licenses from local regulators. The plan was outlined by Binance’s Asia-Pacific head, SB Seker, in an interview with Nikkei Asia during a visit to Tokyo.

According to SB Seker, the company is in talks with financial regulators in several countries across the region. The discussions focus on licensing conditions and regulatory requirements for operating cryptocurrency platforms.

Expanding licensing in the region

“This year we plan to carry out five more such initiatives in Asia,” Seker said.

The new approvals could increase the number of jurisdictions where Binance operates on a regulated basis to more than 20 worldwide. The exchange already holds licenses or regulatory approvals in Australia, India, Indonesia, Japan, New Zealand and Thailand.

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The company also expects to strengthen its position in South Korea following the completion of its acquisition of local crypto exchange Gopax. Binance noted that some approval processes are already in their final stages, while negotiations with regulators continue in other countries.

The company describes this approach as a strategy of “hyper-localization.” It involves adapting the platform’s operations to the requirements of each jurisdiction — from customer verification procedures (KYC) and anti-money laundering rules (AML) to partnerships with local banks and the creation of regional legal entities.

Asia remains a key driver of the crypto market

The expansion of licensing comes amid rapid growth in crypto activity across Asia. According to Chainalysis, the total volume of cryptocurrency transactions in the Asia-Pacific region increased from $1.4 trillion to $2.36 trillion over the past year — a rise of about 69%.

In the global crypto adoption ranking, seven of the top ten countries are located in Asia: India, Pakistan, the Philippines, Indonesia, Vietnam, South Korea and Japan. The spread of mobile financial services and a high level of digitalization continue to fuel demand for digital assets.

At the same time, many countries in the region are developing their own regulatory frameworks for crypto exchanges. Hong Kong has introduced a licensing regime for virtual asset trading platforms, while in Japan companies must register with the Financial Services Agency before launching operations.

Why licenses are becoming crucial for crypto exchanges

Operating in regulated markets is becoming an increasingly important competitive factor for major crypto platforms. Entering new jurisdictions requires companies to establish local legal entities, implement customer verification procedures and build relationships with banking partners.

Holding a license also provides access to institutional investors and allows exchanges to operate within a clear legal framework. For large platforms, this reduces operational risks and facilitates cooperation with traditional financial institutions.

Asia remains one of the key strategic regions for Binance. According to Chainalysis, Central and Southern Asia and Oceania already form one of the largest crypto markets in the world. Against this backdrop, competition for licenses and local partnerships among major exchanges — including Coinbase, OKX and Bybit — is likely to intensify in the coming years.

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