Location of Top Crypto Exchanges

Binance

Until February 2020, Binance was considered to be located in Malta. Currently the company’s locations are “decentralized” according to Binance CEO Changpeng.

Timeline:

Feb. 2020: Binance applied for a license in Singapore.

Feb. 2020: Malta Financial Services Authority declared

Binance is neither licensed to operate, nor is it regulated in Malta

Jan. 2020: Singapore allows Binance can provide services without a PSA license until July 28, 2020

Jan.2020: Malta prime minister Joseph Muscat resigns

Mar. 2018: Malta prime minister Muscat welcomed Binance to Malta (via Twitter), stating: “Welcome to Malta, Binance.” 

FTX 

FTX’s main base of operations is in Hong Kong. It has implemented a strict policy in regards to onboarding based on location restrictions.

May. 2020: FTX.us goes live

May 2019: FTX.com Launched operations

HUOBI

Huobi Global is a Seychelles based cryptocurrency exchange. Huobi Technology is a blockchain subsidiary located in Gibraltar.

DERIBIT

Feb. 2020: Deribit moves to Panama

Jun. 2016: Deribit starts its operation in Amsterdam, Netherlands

OKEx

OKEx is a Malta(EU) based cryptocurrency exchange that has offices in San Francisco, Malta, Hong Kong, Singapore, Japan and Korea. OKCoin Holdings is the parent company of OKCoin. The CEO of OKEx is Jay Hao (Twitter) and it’s founder is Star Xu (Beijing).

Nov. 2020: OKEx has reopened withdrawals

Oct. 2020: OKEx suspends withdrawals

Oct. 2020: A founder of the OKEx cryptocurrency exchange was detained by police

Jan. 2019: Star Xu(through OKC Holdings Corp), has acquired a controlling share of LEAP Holdings Group, a construction firm listed on the Hong Kong exchannge

Summary

  • Malta: Binance, OKEx
  • Panama: Deribit
  • Seychelles: Huobi
  • Honk Kong: FTX

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