Binance, the global cryptocurrency exchange, is set to establish a global headquarters as it seeks to navigate the increasing regulatory pressures facing the industry. CEO Richard Teng announced the company's plans to find a permanent base, marking a significant shift from its previous stance of operating without a fixed global HQ. This move comes in the wake of a $4.3 billion settlement with U.S. authorities, which Binance's institutional and VIP lead, Catherine Chen, described as a step towards fully embracing regulation. The decision to establish a headquarters is part of Binance's broader strategy to enhance its compliance and transparency efforts, as emphasized by Teng during a recent fireside chat at Paris Blockchain Week. The company is currently in discussions with various jurisdictions to determine the most suitable location for its new headquarters.