Binance, the world's leading cryptocurrency exchange, recently announced that it has obtained a license from the regulatory authorities in El Salvador to provide cryptocurrency-related services and customized products in the country. This move means that the number of Binance registrations and licenses worldwide has reached 18, including countries such as France, Spain, Italy, Dubai, and Sweden.

El Salvador is one of the most crypto-friendly countries in the world, becoming the first country in the world to recognize Bitcoin as legal tender last year. The license obtained by Binance will help the development of the country’s cryptocurrency market. The licenses Binance received this time include a Bitcoin Service Provider License (BSP) from the Central Reserve Bank and the first non-temporary digital asset service provider license issued by the National Digital Assets Commission.

Although Binance has recently withdrawn from markets such as the Netherlands, Cyprus, Canada, and the United Kingdom due to regulatory issues, its global market presence is still expanding. Recently, Binance returned to the Japanese market after five years and acquired the local Sakura Bitcoin exchange in 2022 to seize the opportunity of developing the Web3 ecosystem in the Asian country.