Binance Exchange has made a crucial move toward its account transparency with the onboarding of Grant Thornton. The partnership between the duo will see the latter act as the official accounting and tax partner for the former. This move marks a new way to ascertain its commitment toward regulatory compliance.
The Binance Smart Move With Grant Thornton
Binance is regarded as the biggest trading platform in the crypto world. With its massive reach, so also has there been criticism of its finances. Onboarding the Singapore arm of the top UK accounting firm might help loosen the obscurity surrounding its operational capital and finances.
This news comes off as a major complement in the exchange’s ecosystem. Recently, the exchange’s Bahrain offshoot took over South Africa’s derivatives market in an unusual business expansion move. This Grant Thornton onboarding will help the firm keep its books clean across all regions it operates in.
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