Binance, the world's largest cryptocurrency exchange in terms of trading volume, launched a new exchange on the island of Jersey, a British self-governing dependency. On Wednesday, the company announced that thanks to the new exchange, users will be able to trade Bitcoin and Ethereum against the British pound and euro in Europe and the UK.
"Binance selected Jersey for its highly developed digital infrastructure, robust regulatory framework, and world-class financial services sector," said Wei Zhou, chief financial officer of the exchange.