Just read Binance Reveals Plan to Launch Crypto Exchanges on Almost Every Continent

Binance Reveals Plan to Launch Crypto Exchanges on Almost Every Continent

One of the world's largest crypto exchanges by trading volume wants to set up fiat-to-crypto trading platforms on almost every continent. During the conversation with CoinDesk's Pete Rizzo, Zhao indicated that by this time next year, he wants the company to launch five to 10 fiat-to-crypto exchanges, with ideally two per continent. These plans falls in line with Binance's current efforts to roll out an exchange in Singapore that supports local fiat-to-crypto trading services. Noting that this move appears to be a reversal to what Binance has been known for, which is its crypto-to-crypto trading, Zhao admitted that the crypto market capitalization is still significantly lower than traditional financial instruments. The fiat-to-crypto plan also comes as Binance has recorded healthy businesses incomes over the past year despite the overall cryptocurrency market downturn.

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Wednesday, September 19, 2018