Under pressure from regulators around the world, major exchange Binance is looking to establish headquarters in Ireland. Until now, it has operated globally for years under what its CEO, Changpeng Zhao, has described as a “decentralized” structure. A Wednesday report from Irish media outlet Independent noted that Binance had established three subsidiaries in the country on Sept. 27 — Binance (APAC) Holdings, Binance (Services) Holdings and Binance Technologies — with Zhao listed as the director for each. In an interview with Reuters published on Thursday, Zhao stated that Binance is currently “in the process of establishing a few headquarters in different parts of the world.” When asked if Ireland was part of Binance’s plans for formal headquarters, he responded, “Yes, it does.”