Binance, the world’s largest cryptocurrency exchange company, is reportedly planning to open live money trading for its upcoming Singapore fiat-to-crypto exchange starting on September 18.
According to a tweet by Binance CEO Changpeng “CZ” Zhao, the news was first revealed during a breakout session at the Cumberland Summit in Singapore last week. This discussion featured major industry leaders, including Gemini’s Tyler Winklevoss and Michael Arrington of Arrington XP Capital.
— CZ Binance (@cz_binance) September 15, 2018
According to CZ, the live trading will begin as a closed beta, meaning that only select invited users will be able to participate. There is no indication at this time what digital currencies will be available for trading at launch.
Singapore stands as an up-and-coming hotbed of crypto activity, largely due to the country’s newly revamped regulatory framework that is designed to spur blockchain innovation. Binance’s new exchange will face significant competition, including KuCoin the recently launched BITBOX.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.