Big News came from the founder of Binance (World’s Top Crypto Exchange).
He revealed the company has set up a bank account in Malta.
This move brings the exchange one step closer to its plans to offer fiat-to-crypto deposits and withdrawals on its platform, a feature that would further improve the exchange’s liquidity and facilitate new investors entering the space with fiat purchases.
Binance is currently the world’s largest crypto exchange with $1.47 bln in trade volume, according to Coinmarketcap data.
Changpeng Zhao, the CEO and founder of Binance, told that we are hoping for fiat-crypto trading on Binance would launch in Malta “within the year,” also indicating plans to offer the service in Uganda and potentially Asia as well.
