The world's largest crypto-currency exchange, with a trading volume of over $70 billion in 24 hours is making great strides towards legal recognition.

Mirroring the expansion of crypto-currencies, Binance is increasingly becoming an integral part of the financial and regulatory landscapes. This year, the company received a specialist license from the Dubai Virtual Assets Regulatory Authority; a provisional green light from the Abu Dhabi Financial Services Regulatory Authority; a digital asset service provider visa from the Securities and Exchange Commission; and a license from the Dubai Financial Services Authority.riques from the Autorité des Marchés Financiers of France; a "Category 4" cryptocurrency service provider license from the Central Bank of Bahrain; and, most recently, a cryptocurrency service provider registration from the Organismo Agenti e Mediatori of Italy.

Binance is also in the process of being licensed in Kazakhstan, a country with which it signed a memorandum of understanding last week, promising advisory assistance on crypto-currency regulation and support for the Astana blockchain hub.