Malta Stock Exchange and Binance Will Create …
Malta Stock Exchange and Binance to Build Security Token Trading Platform
MSX PLC, a financial technology and digital asset company and a subsidiary of the Malta Stock Exchange, has signed an MOU with crypto exchange Binance to jointly launch a new digital exchange for security tokens, according to a press release. Writes about it Cointelegraph.
The press release states that the future trading platform intends to benefit from the “26 years of experience of the Malta Stock Exchange as a regulated securities exchange”, as well as the dynamism and international reach of Binance’s business model..
Earlier it became known that Binance is steadily expanding its business presence in Malta – in a country whose legislative friendliness to the crypto industry earned it the nickname “blockchain islands”.
“Malta has become a global hub for blockchain technology – through proactive and transparent regulation of cryptocurrencies. This partnership will allow Binance and the Malta Stock Exchange to host traditional financial assets using blockchain technology and security tokens, ”said Binance CEO Changpeng Zhao, aka CZ..
In addition, according to the chairman of the board of directors of the Malta Stock Exchange, Joe Portelli, this initiative represents “a new market opportunity for the development and expansion of the boundaries of the Maltese financial sector.”.
Binance announced that it is going to open an office in Malta at the end of March this year – after receiving a warning letter from the Japanese authorities about its unregistered status..
In the summer, CZ said in an interview that his exchange had opened a bank account in Malta, thus paving the way for it to start working with crypto-fiat pairs. The company later hinted that Binance also plans to open a trading platform in Malta for this purpose..
Binance is currently the largest cryptocurrency exchange in terms of daily trading volume – at the time of writing, it is $ 833 million. CZ told Bloomberg in July that it expects Binance, which has also recently expanded its international operations by opening an exchange in Uganda, to reach $ 1 billion in 2018..
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