The platform is set to launch this year. Due to its decentralized nature, the team at Binance will have far less control over the coins on the upcoming platform.
The leading cryptocurrency exchange Binance has recently made waves by announcing its plans to open a fiat-to-crypto exchange in Malta that will allow traders to turn their euros into crypto.
“We are setting up a fiat-to-crypto exchange in Malta and also in Uganda and, hopefully, in Asia as well,” Zhao told Cointelegraph. “We are setting up fiat exchanges. That is in progress now. I don’t know exactly when they’ll be up and running, but hopefully, this year.
Now, CEO Changpeng Zhao has revealed further plans to expand by creating cash-to-crypto exchanges in Asia and Uganda soon.
As for Bitcoin, CEO of Binance thinks the market leader will increase a few hundred percent each year, for years to come.
The platform is set to launch this year. Due to its decentralized nature, the team at Binance will have far less control over the coins on the upcoming platform.