2 Days Until Binance Opens a Fiat-Crypto Exchange in Singapore

2 Days Until Binance Opens a Fiat-Crypto Exchange in Singapore
фото показано с : ethereumworldnews.com

2018-9-16 16:19

The Binance exchange continues on its quest to expand by opening crypto exchanges around the globe. The exchange has set in motion plans to open up shop in the countries of Uganda, Malta, Liechtenstein and now Singapore. In the case of Singapore, Binance plans on opening a fiat-crypto exchange on the 18th of September – which is 2 days away. However, the initial beta testing, will be closed and by invitation only.

Binance CEO, Changpeng Zhao, made the announcement via Twitter when he said:

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!

The full tweet can be found below.

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! https://t.co/Hzo6jLLkfS

— CZ Binance (@cz_binance) September 15, 2018

Changpeng Zhao would also tweet about the exchange’s recent developments in Malta. The firm has entered a partnership with the Malta Stock Exchange’s fintech and digital asset subsidiary, MSX PLC to jointly launch a new security token trading platform. Changpeng would tweet about this development as follows:

This is about as legit a securities token license support as you can get, thanks to progressive leaders of Malta!

Binance Grows to Be As Large as Nasdaq in 1 year

The Binance ICO commenced on the 1st of July 2017 and experienced a successful crowdfunding that has resulted into the platform that we have today. At the moment of writing this, the exchange is ranked first on coinmarketcap.com and according to daily trade volume that is estimated at $804 Million. Back in the bull market of late 2017 to early 2018, the exchange was easily doing $2 Billion in daily trade volume.

The trading action on the exchange has led it to outperform the Deutsche Bank in quarterly profits. In the first quarter of 2018, Binance made $200 Million in profits compared to $146 Million in profits for Deutsche Bank. This value of profits by Binance in that time period, was only $9 Million shy of Nasdaq’s $209 Million.

With continual expansion, the exchange is bound to exceed even more trading firms on Wall Street. Another factor to consider as the exchange expands globally, is the fate of its signature cryptocurrency of Binance Coin (BNB). The fundamental laws of economics indicate that the supply of the coin is limited. Therefore, as the exchange expands, the demand for BNB will go up and so will its price. Also to add is the periodic coin burn of BNB done by the exchange on a quarterly basis.

With the above information, we can therefore conclude that BNB is a cryptocurrency to watch as we proceed into the future of the crypto-markets.

Disclaimer: This article is not meant to give financial advice. Any opinion herein should be taken as is. Please carry out your own research before investing in any of the numerous cryptocurrencies available.

The post 2 Days Until Binance Opens a Fiat-Crypto Exchange in Singapore appeared first on Ethereum World News.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Safe Exchange Coin (SAFEX) на Currencies.ru

$ 0.0054306 (-0.25%)
Объем 24H $1.742k
Изменеия 24h: 1.41 %, 7d: -8.63 %
Cегодня L: $0.0053635 - H: $0.0055227
Капитализация $6.099m Rank 99999
Цена в час новости $ 0.0148861 (-63.52%)

exchange singapore binance fiat-crypto opening days plans

exchange singapore → Результатов: 62


Фото:

The Daily: Binance Tests Fiat Exchange, Russians Mull Crypto Platforms

Binance, the leading cryptocurrency exchange, has announced it will start testing a fiat-to-crypto currency trading platform in Singapore and we’ve got the story in Sunday’s edition of The Daily. Also, two islands in Russia are competing to host the country’s first regulated exchange, and the ECB says Europe doesn’t need a central bank issued crypto.

2018-9-16 15:28


Фото:

Regulations Round-Up: Tokenized Securities in Singapore, China Warns of Illegal Fundraising

In recent regulatory news, Chinese authorities have issued a warning seeking to encourage citizens to be skeptical regarding the promotional claims of illegal fundraising schemes operating with cryptocurrencies, Singapore Exchange and the Monetary Authority of Singapore have partnered with Anquan, Deloitte, and Nasdaq to settle tokenized securities using distributed ledger technology, and Hungary’s finance ministry […] The post Regulations Round-Up: Tokenized Securities in Singapore, China Warns of Illegal Fundraising appeared first on Bitcoin News.

2018-8-26 16:15


Singapore Crypto Exchange AlphaBit to Open Malta Office on Blockchain Island

Singapore-based AlphaBit Cryptocurrency Exchange has announced that it will be opening up a new office in Malta, a move aimed at cementing its presence in Europe. Malta remains one of the most favorable destinations for blockchain and cryptocurrency companies owing to the many firms setting up their bases in the country. The move by AlphaBit […]

2018-8-10 23:23


Crowd Genie to revolutionize the lending business

August 9, Singapore: Crowd Genie Financial Services Pte. Ltd., a company providing innovative lending products and services, licensed by the Monetary Authority of Singapore, has undertaken a strategic initiative aimed at design and delivery of a modern lending and asset exchange platform that is powered by the blockchain technology. The platform will elevate the lending/borrowing […]

2018-8-9 05:23


Huobi Partners Will Have The Ability To Develop Digital Asset Exchanges Rapidly

Cryptocurrency exchange Huobi which is in Singapore launched its Cloud businessarm, which will allow associates to develop digital asset exchanges rapidly. Huobi Cloud depends on Huobi’s existing exchange platforms to offer solutions of putting together over-the-counter (OTC) exchanges and cryptocurrency exchanges for partners who have little to no IT abilties.

2018-7-20 17:30


Фото:

NEO To Be Listed On COSS 7/20

For those who don’t know, COSS is based in Singapore and stands for Crypto One Stop Solution. It serves as: An e-wallet (that supports multiple different tokens) An exchange A market cap widget Fiat gateways A platform to promote trading campaigns and the launches of token sales A ‘merchant portal’ for companies to receive cryptocurrency as payment Recent news has revealed that COSS will being listing NEO this Friday, 20th July! Continue reading NEO To Be Listed On COSS 7/20 at Crypto Daily™.

2018-7-19 16:00


Ushering in the Next Global Data Revolution with Jupiter Chain – Utilising Blockchain Technology to Transform How an Individual’s Data is Used

Singapore, 16 July 2018 – Jupiter Chain, a Singapore-based data exchange platform, is set to change the way our data is handled, shared and monetized using blockchain technology. A smart, consentable data exchange, Jupiter Chain allows for data exchanges to happen securely, protecting the privacy of an individual’s personal information.

2018-7-16 13:29