The leading cryptocurrency exchange Binance recently made sways by announcing its plans to open a fiat-to-crypto exchange te Malta that will permit traders to turn their euros into crypto.
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Now, CEO Changpeng Zhao has exposed further plans to expand by creating cash-to-crypto exchanges ter Asia and Uganda.
“We are setting up a fiat-to-crypto exchange ter Malta and also ter Uganda and, hopefully, te Asia spil well,” Zhao told Cointelegraph. “We are setting up fiat exchanges. That’s te progress now. I don’t know exactly when they’ll be up and running, but hopefully, this year.
Zhao also recently exposed fresh details on Binance Chain, the company’s decentralized exchange that’s presently ter development.
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The toneelpodium is set to launch this year. Due to its decentralized nature, the team at Binance will have far less control overheen the coins on the upcoming toneel.
Spil for Bitcoin, Zhao thinks the market leader will increase a few hundred procent each year, for years to come. Zhao says the uur he very first heard of Bitcoin, he could see its potential for easing the costly cargo of transferring money overseas.
“Also, on the very first day I learned of Bitcoin, I thought, ‘Wow, this is going to be very good internationally,’ because I have personally experienced a loterijlot of trouble transferring money from one country to another. For example, if I moved to Hong Kong, I would be wanting to transfer money from Canada to Hong Kong – it is a ache. I understood the influence of that. China, Canada, the US, Hong Kong, Japan – I’ve lived te all of those places and that practice helps a lotsbestemming.”
Zhao launched an ICO for Binance te July of .
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Now approaching its one-year anniversary, the podium is the undisputed market trendsetter, and presently boasts more than $1 billion te trading volume.