Binance to launch their fiat-to-crypto platform next week in Singapore

18 Apr, 2019 | Updated: 18 Apr, 2019
by Fifi Arisandi
Exchange
Binance to launch their fiat-to-crypto platform next week in Singapore

Binance's fiat-to-crypto platform will be launched next week in Singapore.

Binance is on the move. The exchange is looking at the launch of its fiat-to-crypto platform in Singapore next week.

The CEO, Changpeng Zhao actually has sounded it since the beginning of the month, saying that that it will be launched some time in April.

The confirmation, however, came from Binance’s CFO, Wei Zhou who said, “Next week we are going to launch the Singapore simple buy/sell on-ramp.”

Speaking to Coindesk from Paris, Zhou gave a spoiler, “It will actually be a new product we are launching, as a very easy buy/sell platform so users in Singapore can buy and sell bitcoin with Singapore dollars.”

Scope-wise, it will be limited to Bitcoin for a while, however, he assured that more cryptos will be added moving forward.

“For a lot of these regulated jurisdictions, it’s easy to start with things that people know and understand and you can gradually build on that,” Zhou elaborated.

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