Binance expands footprint in Middle East with Bahrain launch

Binance expands footprint in Middle East with Bahrain launch

Bahrain users can now access newly launched and regulated binance.bh for making transactions related to crypto assets in local currencies by connecting bank accounts with binance.bh account

Rasheed Al Maraj, governor of the Central Bank of Bahrain (CBB), and Khalid Humaidan, chief executive of the Bahrain Economic Development Board, at the Binance launch event held at the Bahrain Institute for Banking and Finance. — Supplied photo

Published: Mon 16 Jan 2023, 3:11 PM

Binance, the leading global blockchain services provider, has launched binance.bh, a new and regulated platform where users can access Binance’s range of regulated products and services - including direct top ups and withdrawals - in local currencies.

To celebrate the occasion of binance.bh going live, Binance hosted a launch event under the patronage of Rasheed Al Maraj, governor of the Central Bank of Bahrain (CBB), and Khalid Humaidan, chief executive of the Bahrain Economic Development Board, at the Bahrain Institute for Banking and Finance (BIBF).

Changpeng Zhao, co-founder and CEO of Binance, amongst other prominent regional and international figures and personalities in the financial and crypto spaces were also present on the occasion.

Tameem Al Moosawi, general manager Binance Bahrain, devlivered a welcome speech and it is followed by an engaging and insightful