According to a recent report, Binance's Chief Executive Officer Changpeng Zhao, in response to a previous report on the agreement between the Argentine government and Binance Labs to invest in blockchain projects that support the exchange, suggested that the Exchange intends to launch a new fiat-to-crypto exchange in the country.
Binance Labs is the investment and social wing of the stock market
The intention was announced by the CEO via the Twitter account of the stock exchange. The tweet said, "Guess where we'll have a new fiat-to-crypto exchange?"
The tweet was a response to a recent article on the agreement between the Government of Argentina and Binance Labs.
Binance available in 8 countries
A previously published report with a spreadsheet revealed that the exchange plans to replace Fiat-to-Crypto in eight other countries. "Uganda – which was launched in October – and Jersey, Singapore, Malta, South Korea, Liechtenstein, Argentina. Russia, Turkey and Bermuda.
However, a report released in January indicated that one of the exchange representatives, when asked where these new exchanges are located, did not want to confirm six of the alleged locations, but only confirmed plans for Singapore and Malta. It was also confirmed that the Bermuda plan is still under consideration.
With the launch of the stock market in Jersey Europe, it is certain that the brand will dominate the crypto barter industry. According to a previous report, the newly launched stock exchange was a product of an agreement signed last year by the stock exchange and the home country.
In January, Binance also partnered with Simplex, a payment processor, to support the purchase of crypto using a credit card.
eToro opens virtual currency trading services in the US
In recent news, eToro opened a social network for investors and traders that opened its virtual currency trading services in the US. The Exchange intends to trade 13 unspecified crypto assets and a virtual currency multi-signature wallet in over 32 million US states and territories.
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Contribution source: The CEO of Binance – CZ, notes on the establishment of a fiat-to-crypto exchange in Argentina
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