Binance will start beta test in Singapore fiat exchange

Binance, the world's largest cryptocurrency exchange, will soon begin the private beta test of a cryptographic exchange in Singapore, according to a tweet. Binance co-founder and CEO, Changpeng Zhao (CZ), on September 15.

As Changpeng Zhao revealed, the tests will be launched on September 18:

"It escaped me that we will start the Live Money Beta tests of #Binance Singapore fiat exchange on September 18, in 3 days. Only with invitation Exciting! "

While no further details have been specified, the Singapore-based cryptographic exchange will presumably support the local Singapore dollar, Finance Magnates notes.

In mid-July, Singapore was ranked as the third most favorable country for initial currency offers (ICO) in terms of the number of major global ICO projects.

Changpeng Zhao had its beginnings in Fusion Systems in 2005, the firm built high frequency trading systems for brokers. This was where Zhao learned from exchanges and would soon launch the ideas that would revolutionize the digital spectrum.

In 2013, Zhao joined Blockchain.info as the third member of the cryptocurrency wallet team. Binance, the world's largest cryptocurrency exchange, will soon begin the private beta test of a crypto exchange in Singapore, he said. The co-founder and CEO of Binance, Changpeng Zhao (CZ), on September 15.

As Changpeng Zhao revealed, the tests will be launched on September 18:

"It escaped me that we will start the Live Money Beta tests of #Binance Singapore fiat exchange on September 18, in 3 days. Only with invitation Exciting! "

While no further details have been specified, the Singapore-based cryptographic exchange will presumably support the local Singapore dollar, Finance Magnates notes.

In mid-July, Singapore was ranked as the third most favorable country for initial currency offers (ICO) in terms of the number of major global ICO projects.

Changpeng Zhao had its beginnings in Fusion Systems in 2005, the firm built high frequency trading systems for brokers. This was where Zhao learned from exchanges and would soon launch the ideas that would revolutionize the digital spectrum.

In 2013 Zhao joined Blockchain.info as the third member of the cryptocurrency wallet team.

In 2017, Zhao started a cryptocurrency exchange called Binance. He started the company's launch in July 2017, after financing of $ 15 million during an initial offer of coins.

As of January 2018 it was the largest encryption exchange with a market capitalization of BNB of $ 1.3 billion

According to Finance Magnates, before posting the news on Twitter, Zhao first revealed plans to launch the fiduciary exchange while speaking at a recent blockchain event led by the cryptoactive firm Cumberland. The conference also featured another industry disrupter: Tyler Winklevoss, co-founder and CEO of crypto exchange Gemini.

Earlier this week, Binance signed a Memorandum of Understanding (MOU) with the Fintech subsidiary and digital assets of the Malta Stock Exchange, MSX PLC, to launch a new digital exchange of security tokens.

In early August, Binance LCX, a joint venture between Binance and Liechtenstein Cryptoassets Exchange (LCX), announced the launch of the crypto-trust exchange in Liechtenstein to allow trade between Swiss francs (CHF) and euros (EUR) against major pairs of digital currencies.