Binance unveils new crypto exchange in Singapore, features limited

25 Apr, 2019 | Updated: 25 Apr, 2019
by Colin Hawkins
Binance unveils new crypto exchange in Singapore, features limited

After much anticipation and months of waiting, the Binance Singapore crypto exchange is now live, but lacks a lot of features compared to the company’s main exchange, as first reported by TechCrunch.

Currently the Singapore exchange only offers the purchase of Bitcoin using Singapore dollars, a trading pair that limits the exchange greatly. The Binance Singapore website states that in order to buy this trading pair you must link your Xfers account. Once you do this, the site claims that you’ll be able to buy and sell Bitcoin as much as you wish.

A spokesperson for Binance spoke to TechCrunch regarding the launch of Binance Singapore:

“Binance is excited to bring world-class blockchain technology to Singapore and we look forward to showcasing Binance’s tier one safety and security measures to the world. BTC/SGD is the initial pair Binance Singapore is offering with the soft launch and there may be more pairs added as regulations allow.”

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