Binance Avoids EU Exit with 'Side Doors' Amid Regulatory Hurdles

Binance Holdings Ltd., the world's largest crypto exchange, narrowly avoided being kicked out of the European Union in June after failing to obtain a key regulatory license.

The company had been set to leave the EU, but thanks to 'side doors and workarounds', it has managed to continue doing business there.

According to people familiar with the matter, Binance's ability to operate in the 27-member-state bloc is due to its use of these creative measures.