Cryptocurrency and ICO news 12.06.2018

Binance: separate fit-to-crypto exchange in Malta

Binance, second largest crypto exchange, announced plans to allow fiat-crypto trading this year through a separate Malta-based exchange, according to Cointelegraph.

Binance representative clarified to Cointelegraph that “Binance.com is a pure crypto-to-crypto exchange.” They confirmed that crypto-fiat trading will only be offered through a separate local exchange the company is opening in Malta. Binance Malta will most likely begin fiat trading with a euro-Bitcoin (BTC) pair, the representative told Cointelegraph.

Binance had announced the opening of an office in Malta at the end of March after receiving a warning letter from Japanese financial authorities about its unregistered status.