10/07/19 18:00 UTC±0

Binance has announced the official launch of Binance Singapore

Official launch of Binance Singapore
Official launch of Binance Singapore

On July 10, Binance announced the launch of Binance Singapore (SG). The platform allows users in the country to trade directly between the cryptocurrency and the local fiat currency, Singapore dollars (SGD).


Binance Singapore launch

Binance Singapore began a trial launch in April. Since then, there has been an increase in users of about 20 percent per week and a rapid increase in the volume of trade. Over the past year, the leading crypto exchange has significantly expanded its capabilities in fiat crypto-trading.

Traders in Singapore can now buy Bitcoins (BTC), Ethereum (ETH) and Binance Coin (BNB) for SGD. Deals are supported by a Binance partnership with Vertex Ventures.

According to the CEO of Binance, Changpeng Zhao: "Vertex is a key factor in attracting the Singaporean community through reliable work with local regulators and financial institutions."

Interesting in the section: Description of the Binance exchange platform, the algorithm for creating an account

Their global track record of managing a portfolio of innovative technologies and taking all appropriate measures also demonstrates their ability to sustainably develop the broader blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
system in Singapore.

The official launch of the Binance Singapore platform. Recall that the TravelbtBit beta app launched on July 7th, supported by Binance Chain, will allow users to book flights and hotels using cryptocurrencies, including BTC, LTC and BNB.

Editor: Godfrid Brower

See also: "Poloniex Exchange has expanded the possibilities for stable cryptocurrencies"

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Fiat money, funds