Binance has finally set a date for the launch of its Singapore exchange arm. According to the CEO of the exchange, Changpeng “CZ” Zhao, the new exchange is going to get launched next week.
Binance Singapore to Launch Next Week
CZ confirmed this time frame in a recent statement he made at the Paris Blockchain Week. He said: “Next week we are going to launch the Singapore simple buy/sell on-ramp. It will actually be a new product we are launching, as a very easy buy/sell platform so users in Singapore can buy and sell bitcoin with Singapore dollars.”
CZ also stressed that for now, the exchange will be focused on Bitcoin Core (BTC). “it will just be bitcoin, but we hope to add more [cryptocurrencies]. For a lot of these regulated jurisdictions, it’s easy to start with things that people know and understand and you can gradually build on that.” he said.
Binance has been focused on building multiple fiat-to-crypto gateways cutting across several regions in recent time. The exchange has partnered with Simplex to let…