Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is not currently available to users in the United Kingdom (UK). The UK is a major market for cryptocurrency trading, so the news that Binance has yet to obtain a license to operate there has been met with some disappointment from the crypto community.

Binance was founded in 2017 and has quickly become one of the most popular crypto exchanges. It offers a wide range of features and coins to trade, making it a go-to exchange for many users.

However, its lack of regulation has been a cause for concern for some users, especially in light of recent hacks of other exchanges.

The UK’s Financial Conduct Authority (FCA) has been cracking down on unlicensed cryptocurrency exchanges operating in the country. Binance has yet to obtain a license from the FCA, so it is not currently available to UK users.

This is not the first time that Binance has faced regulatory issues. In 2018, the Japanese Financial Services Agency ordered Binance to stop operating in the country without a license.

Binance eventually complied and stopped serving Japanese customers.

It is unclear why Binance has not yet obtained a license to operate in the UK. The process can take several months, so it is possible that Binance is still in the process of applying for one.

However, given the recent crackdown by the FCA on unlicensed exchanges, it is also possible that Binance may not be able to obtain a license at all.

This is disappointing news for UK crypto users who were hoping to use Binance to trade cryptocurrencies. However, there are still several other reputable exchanges available that do have licenses to operate in the UK.

Users will just have to weigh the pros and cons of each before deciding which one to use.