Leading crypto exchange Binance, announced earlier today the full launch Binance Singapore, a fiat-to-crypto platform which allows natives to buy crypto with the Singapore Dollars (SGD).
Binance Singapore is a branch aimed at Singapore citizens and residents who are able to trade a few selected initial cryptocurrency pairs. The platform includes real-time, 24/7 SGD deposit and withdrawal functionality through Singapore FAST (Fast And Secure Transfers), an electronic payment system. The platform had its soft-launch in April, and ever since it has steadily increased its user base with 20% per week.
Singapore citizen is able to purchase Bitcoin, Ethereum and Binance Coin using their native fiat currency on the new Binance branch. More cryptos will be added over time, as the team is currently focused on compliance with regulations.
Binance Singapore is one of Binance’s three operating branches which has fiat-to-crypto options, joining Binance Uganda (UGX) and Binance Jersey (EUR, GBP).
“We are humbled by the positive market…