Source:
https://scmp.com/business/money/markets-investing/article/2138653/why-worlds-biggest-cryptocurrency-exchange-heading
Money/ Markets & Investing

Why the world's biggest cryptocurrency exchange is heading to Malta

The island nation is looking to reinvent itself as a digital currency hub, while regulators in other jurisdictions crack down on virtual money

The island nation is looking to reinvent itself as a digital currency hub, while regulators in other jurisdictions crack down on virtual money

Binance, the world’s largest cryptocurrency exchange by traded value, is seeking a fresh start in the Mediterranean.

The company, founded last year in Hong Kong, is planning to open an office in Malta, said founder Zhao Changpeng in an interview from Hong Kong. Binance will soon start a “fiat-to-crypto exchange” on the European island nation, and is close to securing a deal with local banks that can provide access to deposits and withdrawals, he said, without providing a time frame.