Asian Tech Press (Mar. 15) -- Binance, the world's largest cryptocurrency exchange, has received approvals to provide crypto-asset services in Dubai and Bahrain.

The exchange has become the first anchor to offer virtual asset services in the Dubai World Trade Centre, an economic free zone in the city.

The latest news announced by Binance on Tuesday confirms that it has also been granted a crypto-asset service provider license from the Central Bank of Bahrain (CBB).

Awarded licenses from Dubai, the Kingdom of Bahrain, is a key milestone for the world's largest cryptocurrency exchange as it speeds up efforts in the Middle East.