The biggest cryptocurrency platform Binance is ready to start a Crypto-Fiat exchange in Singapore, disclosed by the company’s top boss or CEO Changpeng Zhao.
Accodring to Changpeng Zhao, testing can be started on September 18. Though there is not more specific information available at this time but this is sure that the exchange will back the Singapore Dollar.
Earlier this year Singapore was declared the 3rd most favorite nation for ICOs because of the country is a hub of best big international ICO schemes.
Some days back only Binance signed a Memorandum of Understanding (MOU) with the Malta Stock Exchange’s Fintech and digital asset subsidiary, MSX PLC, to start a next security token digital exchange.
In August, Binance LCX, revealed the upcoming crypto-fiat exchange in Liechtenstein to start trading between Swiss Francs (CHF) and euros (EUR) against all big digital currencies pairs.
I am hoping that all this development will be going to be in the favor of cryptocurrency as more and more investment has been made by big exchanges, laying the robust foundation for the upcoming digital currency era.
Please share your views too..