Binance authorizes exchange of cryptos to fiat in Singapore

The CEO of the company announced that in the coming days they will publish the beta version of the exchange that will allow operations with cryptocurrencies

In the coming months, the world’s largest exchange company Binance could authorize fiat currency transactions in Singapore.

This was announced by the CEO, Changpeng Zhao, through his official twitter account, where he indicated that the beta version of the exchange will be published on September 18.

This information was made public during the second day of the Cumberland summit, which is being held in Singapore and which brings together a large number of people close to the world of cryptocurrencies such as Thomas Lee of Fundstrat, Tyler Winklevoss, representatives of Binance and many more.

It is planned that, in the event that the experiment yields positive results, the official exchange will be completely ready by the end of this year. It is intended that citizens can enjoy exchange services from the local currency of Singapore to bitcoin and ethereum.

This project adds to the effort of the exchange house to expand throughout the world. Recall that Binance already opened exchenges of this type in countries such as Uganda, Malta and Liechtenstein.

Binance wants to increase its business with the Asian region, given that it has a great atmosphere as technology, as well as low taxes and large financial centers.

K. Tovar

Source: Cryptoglobe

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