This week, Binance, the world’s largest cryptocurrency exchange with a $1.7 billion daily trading volume, has relocated its headquarters to Malta, a region that has always been friendly to cryptocurrency businesses and investors.
Along with its current team, Binance has moved its resources over to Malta, and has decided to employ more than 200 full-time employees to fully establish the company in the region. For any multi-billion dollar startup like Binance, the relocation of headquarters comes with difficulties, especially in regards to finances and regulatory conflicts.