Altcoin News: Binance Launched a Crypto-Fiat Platform in Singapore

April 25, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

Binance, one of the largest crypto exchange in terms of trading volume, announced the launch of a crypto-fiat trading platform in Singapore. So far, only one trading pair is available on the platform — BTC / SGD.

Earlier, the exchange launched two more crypto-fiat platforms, in Uganda and in Jersey. However, if previous platforms supported trading pairs with ETH, then only BTC trading is available in Singapore.

For trading on the crypto exchange, users need an account in the local payment service Xfers, which provides a cryptocurrency wallet approved by Singaporean regulators. After registering at Binance Singapore, the user binds his Xfers account and can start trading.

“Our SGD fiat-to-crypto platform has full deposit and withdrawal functionality. During this early initiation of Binance Singapore, we encourage our Singaporean community to share feedback and relay any user-specific issues to our customer service team for support,” said the representatives of the exchange.

Note that Binance methodically implements its plan for launching ten local cryptocurrency trading floors, where crypto-fiat trading will be available, and the next such platform should be the Malta exchange.

Author: Marko Vidrih