Binance to Sponsor the 2022 Grammys

Binance to Sponsor the 2022 Grammys – Binance to Sponsor the 2022 Grammys

Binance, one of the leading crypto exchanges, is back in the limelight. Despite dealing with regulators in various jurisdictions in recent months, Binance has continued to expand its crypto business.

Binance is targeting the US market by sponsoring the Grammys. Binance becomes the Recording Academy’s first official crypto exchange partner. The Recording Academy is the organizer of the Grammy awards, the single most awaited music award for many in the world.

This information was conveyed directly to Binance through the company’s press release, Thursday, March 31, 2022.

“Starting with the Grammys, we’re excited to work with the Recording Academy to bring a fresh new experience powered by blockchain and all the great things Web3 technology can bring to entertainment,” said Binance Co-founder Yi He in a statement. from CoinDesk, Friday (1/4/2022).

This year’s Grammys will take place in Las Vegas on April 3, the Grammys are meant to honor the best musical performances of 2021.

Many crypto companies today are starting to realize the importance of brand recognition to a wide audience. It encourages crypto exchanges to advertise or collaborate in mainstream events.

For example, in February 2022, crypto exchanges eToro, FTX, Coinbase, and were featured at Super Bowl LVI. The company purchased part-time advertising time at the Super Bowl.

Binance itself is not the first time to become a partner in the entertainment industry. In early March 2022, Binance announced a partnership with SM Entertainment to develop Blockchain and NFT.

Binance Gets Operational License from Bahrain Central Bank

Previously, the Bahrain Central Bank had granted a license to crypto exchange Binance allowing it to operate in the country to provide Bahraini customers with services including crypto trading, storage and portfolio management.

This license is the first for Binance in the Middle East/North Africa (MENA) region.

“The license from Bahrain is a milestone in our journey to become fully licensed and regulated worldwide,” Binance founder and CEO, Changpeng Zhao, wrote in a press announcement.

Binance was given pre-approval for the license since December, but is required to complete a full application process before being granted a full license.

Despite its successful expansion into the Middle East region, by 2021, Binance was under fire from regulators in a number of countries, including the UK and Japan.

The oil-rich kingdom of Bahrain, however, appears to view Binance in a more positive light and sees the license as a step in the right direction for the nascent crypto industry.

The CEO of the Bahrain Economic Development Council, Khalid Humaidan, wrote in a statement that the Bahrain team has built a world-class infrastructure to support the fast-growing, highly regulated cryptocurrency and blockchain industry.

Collaboration with industry leaders like Binance will further enhance Bahrain’s mission to build the Kingdom of Bahrain as a leading business hub.

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