Binance, the largest global cryptocurrency exchange, will soon begin beta testing of the crypto-Fiat exchange in Singapore.
About this in his Twitter said the founder and CEO of Binance, Changpeng Zhao:
We will begin closed beta testing of our Singaporean cryptocurrency-Fiat Bigi September 18. Access is by invitation only.
I just slipped that we will begin #Binance Singapore exchange fiat money live closed beta testing on Sept 18th, in 3 days. Invitation only first. Exciting! https://t.co/Hzo6jLLkfS— CZ Binance (@cz_binance) 15 September 2018
According to the Finance Magnates, Changpeng Zhao announced this during his speech at the recent blockchain event organized by the Cumberland company specializing in cryptocurrency assets.
Despite the lack of details, the Finance Magnates noted that the new site apparently will maintain the Singapore dollar.
Singapore is one of the few jurisdictions friendly to the ICO projects and ranks third in the ranking of countries by number of was ICO global projects.
Earlier in August, Binance LCX, a joint venture of the Binance and Liechtenstein Cryptoassets Exchange (LCX), announced the launch of cryptocurrency-Fiat exchange in Liechtenstein, which supports Swiss francs (CHF) and Euro (EUR), as well as the main digital currency.