Two Largest Cryptocurrency Exchanges Look to Exit Asia

(edited)

Binance and Bitfinex, two of the largest cryptocurrency exchanges in the global digital currency market, may completely move out of Asia this year, due to impractical policies. Biannce moved out of Asia to Malta while Bitfinex has been eyeing permanent relocation to Switzerland. 

Edited by Vlad Kovalenko

Share this post


Link to post
Share on other sites

This is a logical move for Binance after  revealing its plans to launch  exchange Binance Chain, which is a decentralized digital asset. They are moving out from  cryptocurrency- only trading. 

Share this post


Link to post
Share on other sites

Smart. Switzerland and Malta are know as countries with friendly regulations towards ICO and cryptocurrency businesses. Binance and Bitfinex will be able to work without regulatory uncertainty and potential conflict with banking service providers. 

Share this post


Link to post
Share on other sites

This will be a big blow for Asia. It will lose its dominance over the global market. 

Share this post


Link to post
Share on other sites
Sign in to follow this  
Followers 0