Binance, the world's largest cryptocurrency exchange, announced that it will soon close down its Jersey-based subsidiary, Binance Jersey. Binance launched its platform in Jersey as part of its expansion drive to tap into European markets. On Jan. 15, 2019, the exchange announced that Binance Jersey would allow fiat-to-cryptocurrency trading for European traders. At launch, the exchange supported Bitcoin (BTC) and Ether (ETH) trading against both the euro and the British pound. While the exchange aimed to make Binance Jersey a “major driving force” in European markets, the statistics show that it fell short of its goals. According to the latest …