Binance has just announced its expansion to Europe with the launch of Binance Jersey, a new fiat-to-crypto trading platform in the Island of Jersey. This exchange will allow traders to trade Bitcoin and Ethereum against the British pound and the Euro.

“Jersey has in place an existing legal and regulatory framework for cryptocurrency into which Binance Jersey easily fits. Jersey is an undisputed pioneer in blockchain development leveraged by this strong framework and talent pool.” says Binance CFO Wei Zhou.

Binance set up its partnership with Digital Jersey by signing a memorandum of understanding in June 2018. Their goal was to deliver training and other initiatives to support the growing blockchain ecosystem in Jersey.

At that time, Changpeng Zhao, Binance CEO showed his confidence in investing in this British self-governing dependency:

“With its local economy based on a major currency (GBP), and its close proximity to the U.K. and western Europe, we are confident the cooperation with Jersey will not only benefit the local economy, but also form a strong operational foundation for our expansion into the rest of Europe.”

Binance Jersey is seeking for talented individuals. Zhou opened up that the firm is “hiring and will continue to hire” staffs, which may be up to 40 available job positions on the island in the near future.