Binance Exchange plans to secure five additional regulatory licenses in Asia this year as it expands its presence in the region’s growing cryptocurrency market.

SB Seker, Binance’s head of Asia-Pacific, shared the plan during an interview with Nikkei Asia in Tokyo. 

“We have five more planned for this year in Asia,” Seker said.

The approvals would increase the exchange’s licensed operations to more than 20 jurisdictions worldwide.

Binance Licensing Push Across Asia

Binance currently holds regulatory licenses and authorizations in Australia, India, Indonesia, Japan, New Zealand, and Thailand. South Korea is expected to join the list after the company completes its acquisition of local crypto exchange Gopax.

Seker said the exchange…