World's biggest crypto-exchange opens doors in EU

23.03.2018 / 20:32

Rating:

Binance, the world's largest crypto-exchange has found a new partner to break through Europe.

The company, founded a year ago in Hong Kong, plans to open an office in Malta, said Binance CEO Changpeng Zhao.

In his words, the island country, which is also a large offshore area, will soon play host for crypto-trading, that will also accept fiat currencies. Binance is close to negotiating a partnership with local banks to provide consumers with a channel to invest in digital currencies directly through official currencies.

"We are confident we can announce a partnership with the banks very soon," he says, although he does not say exactly when it will become a reality.

Regulators around the world - from China to the United States - have begun to tighten the loophole around the crypto-exchanges. So finding a place to open a permanent office becomes quite difficult for crypto-businesses like Binance.

Source: Bloomberg Pro Terminal

Trader Aleksandar Kumanov

Read more:

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.

WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.

Varchev Finance

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

World's biggest crypto-exchange opens doors in EU

London

Universal numbers