After the release of a first beta version last April, Binance Singapore is now live and offers the purchase and sale of crypto-assets using Singapore dollars.
Binance finally launched its new crypto-fiat platform in Singapore. Residents of Singapore can now trade their Singapore dollars against Bitcoin, Ethereum or Binance Coin.
According to Binance’s CEO, Changpeng Zhao, since its soft lauch, the service has recorded a growth of more than 20% per week, in particular through the strategic partnership with venture capital company Vertex.
« We are humbled by the positive market response to Binance Singapore thus far, which is largely due to our strategic investment partner. Vertex has been a key driver of engaging the Singapore community through its trusted work with local regulators and financial institutions », he said in a press release.
After Binance Uganda in Africa and Binance Jersey for Europe, it is the third service of its kind launched by the number 1 in crypto-trading.
Last month, Binance announced a partnership with BAM Trading Services, to offer crypto-trading in the US via a regulated entity.