Binance, the largest global crypto exchange, will soon start private beta testing a crypto-fiat exchange in Singapore, as Binance co-founder and CEO Changpeng Zhao tweeted on September 15.
"I just slipped that we will begin #Binance Singapore fiat exchange live money closed beta testing on Sept 18th, in 3 days. Invitation only first. Exciting!".
According to Finance Magnates, prior to posting the news on Twitter, CZ first revealed the plans to launch the fiat exchange while speaking at a recent blockchain event led by crypto assets-specializing firm Cumberland.
The conference also featured another disruptor of the industry - Tyler Winklevoss, co-founder and CEO of crypto exchange Gemini.
While no further details have been specified, the crypto-fiat Singapore-based exchange will presumably support the local Singapore dollar, Finance Magnates notes.
In mid-July, Singapore was ranked the third most favorable country for Initial Coin Offerings in terms of the number of top global ICO projects.
Earlier this week, Binance signed a Memorandum of Understanding with the Malta Stock Exchange's fintech and digital asset subsidiary, MSX PLC, to launch a new security token digital exchange.
Earlier in August, Binance LCX, a joint venture between Binance and Liechtenstein Cryptoassets Exchange, announced the launch of crypto-fiat exchange in Liechtenstein to enable trading between Swiss Francs and euros against major digital currencies pairs.
Binance to Start Closed Beta Testing of New Crypto-Fiat Exchange in Singapore
pubblicato su Sep 16, 2018
by Cointele | pubblicato su Coinage
Coinage
Notizie recenti
Vedi tutti
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.