Tomorrow, September 18, a new crypto-to-fiat exchange will launch in Singapore. The platform is going to be in beta and on an invitation basis only.
The news about the crypto-to-fiat exchange was “leaked” on Twitter by Changpeng “CZ” Zhao, CEO and co-founder of Binance.
— CZ Binance (@cz_binance) September 15, 2018
However, the plans for the crypto-to-fiat exchange announced earlier at a blockchain event in Singapore hosted by Cumberland with speakers such as CEO of Gemini Tyler Winklevoss. There aren’t a lot of details made public about the platform except that it is going to be a crypto-to-fiat exchange. This move is probably in line with the company’s plans to become more active globally.
Binance floated its ICO in 2017 and has since then become the leading cryptocurrency exchange in the world with hundreds of billions in trading volume per day. Additionally, its native token, Binance Coin (BCB) is expected to grow as the company expands its global operations.