Under pressure from regulators around the world, major exchange Binance is looking to establish a headquarters in Ireland. Until now it has operated globally for years under what its chief executive, Changpeng Zhao (CZ) has described as a “decentralized” structure. An Oct. 6 report from Irish media outlet Independant noted that Binance had established three subsidiaries in the country on Sept. 27 — Binance (APAC) Holdings, Binance (Services) Holdings, and Binance Technologies — with CZ listed as the director for each. In an interview with Reuters published the next day, CZ 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, CZ responded: “Yes, it does.”