Malta on google map
The Hong Kong based crypto currency exchange was launched just last year at 12:00 July 14th 2017 (Beijin time). Now, Binance covers around $1.5 billion trading volume per day. It was recorded that after three months of binance launch, the company made $7.5 million in commision fees.
Now, Malta is likely to taste and enjoy the fortunes surrounding this world's largest crypto exchange should the move becomes successful.
Malta Prime minister Joseph Muscat on his twitter handle made it public that Binance will be welcomed anytime according to the company's plans to move to Malta.
Malta Prime minister -
twitter
The Maltese in no doubt will be taken to another level in crypo world by this development.
Malta is located in Europe. A nation in the center of Mediterranean between the North African coast and Sicily.
Language: Italian by 66% of the inhabitants.
According to Binance, moving to Malta will allow the company add fiat trading to its platform. Binance company said that this will be possible if the platform partners with the Local Banks.
The location of binance in Malta is still confidential/secret for security reasons.
I know the idea of Binance to move to Malta will definitely bring more interests and enlightenment to the Maltese towards Crypto currency trading and investments.
Binance is really turning a giant in the crypto currency exchange world by this new development.
With this, there will be more enhancement and transparency to the Binance company to affect the potential new environment positively.
One thing is to invent, but another thing is to embrace or adopt.
Thanks to Joseph Muscat, the Malta Prime minister for this inovative decision to receive Binance company in Malta soon.
Thanks for reading.