Binance, the world’s largest cryptocurrency exchange by traded value, is planning to open an office in Malta, said founder Zhao Changpeng in an interview from Hong Kong. Binance will soon start a “fiat-to-crypto exchange” on the European island nation, and is close to securing a deal with local banks that can provide access to deposits and withdrawals.
Coinmarketcap.com indicated Binance trades about US$1.7 billion per day.
Binance is planning to launch a decentralized exchange in the coming months. The decentralized technology is currently too slow to replace the firm’s existing centralized exchange.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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