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Two Largest Cryptocurrency Exchanges Look to Exit Asia

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(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

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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. 

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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. 

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

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