Binance to offer fiat-crypto trading pairs

June 12, 2018
Chris Wheal

Binance, the international digital currency exchange with bases in Japan and Taiwan, announced it was opening a new office in Malta through which it will offer trading between fiat and cryptocurrencies.

Binance has opened new offices in Malta: Shutterstock

Chief executive Zhao Changpeng told Bloomberg that fiat-crypto trading would begin later this year, beginning with euro-crypto crosses trading from its Malta base. He said other fiat currencies would be added over time.

Founded a little less than a year ago, Binance has quickly become one the biggest cryptocurrency trading venues in terms of daily volumes, with around 9 million users averaging nearly $1.5bn in daily trade.

The exchange announced it had opened an office in Malta at the end of March. Binance is also reported to be opening a crypto exchange in Jersey, a crown dependency of the UK in the Channel Islands.

Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

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