Binance, the world's largest cryptocurrency exchange, announced that it will soon close down its Jersey-based subsidiary, Binance Jersey.
Binance launched its platform in Jersey as part of its expansion drive to tap into the European markets. On Jan. 15, 2019, the exchange announced that Binance Jersey will allow fiat-to-cryptocurrency trading for European traders. At launch, the exchange supported Bitcoin (BTC) and Ether (ETH) trading against both euros and the British pound.