Binance Expands Its Reach: Entering the Uzbek Market

A partnership between Uzbek Coinpay and Binance has been established in Uzbekistan to provide cryptocurrency services, according to a statement from the domestic platform’s press service.

The service can be accessed at coinpay.uz/binance. This platform allows users in Uzbekistan to deposit and withdraw assets using the national currency. Additionally, users have access to various services offered by Binance.

Coinpay has emphasized that all transactions must be conducted through the joint trading platform’s website.

Earlier this year, in mid-January, the National Agency for Advanced Projects (NAPP) announced that the cryptocurrency exchange Binance would officially begin operating in the Uzbek market.

The trading platform has also agreed to pay a fine equivalent to 300 basic calculation units (BRV).

Kursiv Uzbekistan also reports that the NAPP has permitted the company Heemera to enter a crypto-sandbox.