According to a recent report, popular cryptocurrency exchange—Binance is set to launch a new fiat-to-crypto exchange in Singapore (Binance Singapore) before this month ends.
CEO Confirms Binance Singapore
Binance CEO Changpeng “CZ” Zhao revealed this exciting news at the Deconomy event in Seoul, South Korea. He back this up with a tweet which reads:
“#Binance Singapore will come online in April. It will be our next Fiat to Crypto exchange servicing $SGD [Singapore dollar].”
He, however, didn’t reveal more details regarding the project.
The subject of setting up an exchange in Singapore was first discussed by the CEO last year September at a Consensus event in Singapore.
Then Zhao made it known that the exchange has plans to launch the exchange in all continents.
According to a post which was released in October last year, the exchange will be setting up the new exchange operation globally using the investment from Vertex Ventures. The post also made it known the beta testing for the platform has already taken…