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Market News

Binance Denies Ties with UK-Registered Entity Amid Controversy

A post about Binance Ltd.’s UK registered address spreads more false information about the exchange amid Legal crackdown.

Written By Shivraj Swami Shivraj Swami
Published 2023-06-20
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Last updated: June 20, 2023 12:28 PM
Published 2023-06-20
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Last updated: June 20, 2023 12:28 PM
Published 2023-06-20
Binance Denies Ties with UK-Registered Entity Amid Controversy

In a recent post on the r/buttcoin subreddit, a user claimed that Binance Ltd, has its registered address situated in Mildenhall, Suffolk county. Although Binance has come out to deny the allegations, the trolls got their fair share of entertainment out of the commotion. 

The particular address in question serves as a hub for a multitude of companies, boasting a total of 2,403 active businesses registered at the same location, as documented by Companies House, the government’s official company registrar in the UK.

The address itself belongs to a company called OfficeServ, which specializes in virtual registered address services. These services primarily aim to provide companies with a credible and plausible business location, as explicitly stated on the OfficeServ website.

According to Companies House, Binance Ltd is registered to engage in “other service activities not elsewhere classified.” 

It is worth noting that Binance operates multiple entities in the UK, spread across various addresses, and holds registrations to offer IT and financial services.

Also Read: Binance Cancels UK Registration Amid Heightened Regulatory Scrutiny

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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By Shivraj Swami
Shivraj Swami is a talented content writer with a strong passion for two diverse fields: the crypto industry and cricket. With an insatiable curiosity, he has immersed himself in the intricacies of these domains, gaining extensive knowledge and expertise.

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