Binance Uses Workarounds to Stay Open in Europe After License Denial

The world's largest crypto exchange, Binance Holdings Ltd., was set to leave the European Union in June after failing to obtain a key regulatory license.

However, months later, the company is still doing business there due to a series of workarounds and side doors.

Binance co-founder Changpeng Zhao expressed confidence about continuing to operate in the 27-member-state bloc, according to people familiar with the matter.