Binance to Start Closed Beta Testing of New Crypto-Fiat Exchange in Singapore
Crypto exchange Binance will start closed beta testing of a new crypto-fiat exchange in Singapore on September 18.
As Changpeng Zhao revealed, the testing will be launched on September 18:
“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.
Earlier this week, Binance signed a Memorandum of Understanding (MOU) with the Malta Stock Exchange’s fintech and digital asset subsidiary, MSX PLC, to launch a new security token digital exchange.
And earlier in August, Binance LCX, a joint venture between Binance and Liechtenstein Cryptoassets Exchange (LCX), announced the launch of crypto-fiat exchange in Liechtenstein to enable trading between Swiss Francs (CHF) and euros (EUR) against major digital currencies pairs.
You may be interested
United Kingdom Releases Tax Advice for Cryptocurrency Investorsbtcethereumadmin - December 19, 2018
Cryptocurrency holders in the U.K. can now consult with official guidance on what tax they should be paying on their…
Binance Launches Blockchain-Powered Charitable Campaign in Support of Maltese Youthbtcethereumadmin - December 19, 2018
The Binance Charity Foundation has opened a fundraising channel in support of disadvantaged youth in Malta and Gozo. Top crypto…
Bitcoin Extends Price Anniversary Rally to Hit $3,800 as Altcoins Surge Higherbtcethereumadmin - December 19, 2018
Bitcoin is seeing a fresh push higher one year after it passed its highest-ever price of $20,000. Wednesday, Dec. 19…