Binance selects Scrive as KYC provider in Nordics and Benelux

Binance, one of the world’s leading providers of blockchain infrastructure for online asset exchanges, particularly cryptocurrencies, has selected Scrive as its provider of authentication services for its entry into the Nordics and Benelux markets. Binance has a 24h trading volume of 76 billion US dollars and 120 million registered users worldwide as of October 2022.

As part of its further international expansion, Binance will use Scrive’s products, services and expertise in the areas of secure identification, login functionality and Know Your Customer (KYC) to support this market entry, starting with Sweden and Denmark. In particular, Binance uses Scrive’s eID Hub to securely and efficiently confirm the identity of its customers.

“Whether into cryptocurrencies or other assets, investing online is one of those areas where security and trust in your service provider matter most”, says George Amanatiadis, Scrive’s VP of Sales and Customer Success for BFSI. “This is why, especially in highly regulated or very mature markets such as in the Nordics and Benelux states, service providers need to ensure secure identification processes for their users to distinguish themselves from their competitors and satisfy regulatory demands. We are therefore very happy to welcome Binance on board as a Scrive customer and are looking forward to working with them”.

Learn more about Scrive’s eID Hub.