London: Binance sees Ireland As part of his plan to set up multiple headquarters around the world, the CEO Changpeng Zhao That said, even the world’s largest . In form of cryptocurrency In terms of trading volumes, the exchange continues to anger regulators over its trading practices.

While some countries have banned the platform from certain activities, others have warned consumers that it was unlicensed to operate. In response, Zhao said in July that he wanted to improve relations with regulators, and would break away from its “decentralized” structure and set up regional headquarters. Last month, Binance registered three firms in Ireland, corporate registry documents show.

“Historically, we claim that we do not have a headquarters. We are actually in the process of setting up some headquarters in different parts of the world,” Zhao said in an interview. Asked whether Ireland is involved in Binance’s plan to set up headquarters in a particular country, Zhao said, “Yes it does.” He declined to divulge more details about plans for the country.

“When we first started we wanted to adopt decentralized principles, no headquarters, work around the world, no boundaries,” he said. “It is now very clear that in order to run a centralized exchange, you need to have a centralized, legal entity structure behind it.”

Trading volume on Binance increased between July and September, indicating that recent actions by regulators around the world have had little impact on the platform’s trading.

Binance’s corporate structure is opaque. Its holding company is registered in the Cayman Islands, according to British court documents and Malaysia’s securities regulator.