According to reports , the world’s largest cryptocurrency exchange by daily trading volume, Binance has officially set up a platform for buying and selling cryptocurrencies in Singaporean Dollar (SGD). Thus expanding its territories across Asian countries including Hong Kong and Taiwan.
Binance Singapore had been in the pipeline since September 2017. In fact the platform’s CEO Changpeng Zhao, famously known as CZ, revealed that closed beta testing for its Singapore chapter was in progress during an event at Consensus Singapore.
This year in April, the project materialized in the form of a soft launch of Binance Singapore, that enabled users in the country to purchase and sell crypto assets with the Singaporean dollar (SGD) via Fast and Secure Transfers electronic funds transfer system or FAST.
The beta version of Binance Singapore bore slight differences from the original one, in the sense that it offers limited choice of crypto assets on sale as opposed to what the platform’s users are accustomed to. Another rather stark difference that goes against the very basis of Binance’s rise to fame is that the beta version of the Singaporean venture allowed customers to purchase bitcoin only and that too at fixed prices.
However the officially launched version of the platform allows users to buy and sell bitcoin (BTC), Ethereum (ETH) and Binance Coin (BNB) against Singapore Dollar (SGD). The platform further plans on adding more variety of cryptocurrencies in the future.
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Binance Singapore has been launched […]
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