Binance to open Singapore fiat-to-crypto exchange in April

[Harlot]

Well in terms of the advantages for the Singaporeans having Binance become a local company in their country is definitely good news. It only means cash out and cash in methods for their trades have become much easier for them. Binance might have known beforehand that they have a big number of users in Singapore that is why they were able to decide in becoming locally available for them.

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[awik p]

Well in terms of the advantages for the Singaporeans having Binance become a local company in their country is definitely good news. It only means cash out and cash in methods for their trades have become much easier for them. Binance might have known beforehand that they have a big number of users in Singapore that is why they were able to decide in becoming locally available for them.

right, binance certainly has targeted the market, and in Singapore it might have many users, of course it will be more facilitated for its services. on the other hand, of course, the Singapore government will benefit from the existence of state revenues

[Freny250]

Binance always have foresight thats why they are the best by far. They know how to get things done . Targeting the Asian market is a good one for crypto.  The Asians are highly populated so getting them to know, use and adopt crypto will be of great benefit for the crypto space

[Kemarit]

Ok, people are talking about the hype, but it's now official:

(https://www.binance.sg/en)

It's too early what it could bring to us, but I'm very positive that with the all mighty Binance will corner majority of crypto traders in Singapore. They even have a meet up here locally in my country which I'm not aware of. So they're into the Asia Pacific region (APAC), they have one in Australia already and now Singapore.

[CryptoBry]

Binance always have foresight thats why they are the best by far. They know how to get things done . Targeting the Asian market is a good one for crypto.  The Asians are highly populated so getting them to know, use and adopt crypto will be of great benefit for the crypto space

I am considering Binance to be one of the most appreciated and best-managed cryptocurrency exchanges around even if it experienced its biggest test (hacking) recently. Binance know where the market is and they know how to make strategic locations in building up its business. Right here in Asia, the market is getting to be huge and Binance is making sure that they are there for the big bloom of this industry which can happen sooner than we expected. No wonder BNB keeps on flying high as reflective of the potential of Binance both as a business and as a platform.

[jrrsparkles]

Ok, people are talking about the hype, but it's now official:

(https://www.binance.sg/en)

It's too early what it could bring to us, but I'm very positive that with the all mighty Binance will corner majority of crypto traders in Singapore. They even have a meet up here locally in my country which I'm not aware of. So they're into the Asia Pacific region (APAC), they have one in Australia already and now Singapore.

Don't know how much people were trading crypto curencies in Singapore because the population level is very low in that country.But of they cn amange to spread to many countries then it will be a great alternative to many local exchanges.

[joniboini]

Don't know how much people were trading crypto curencies in Singapore because the population level is very low in that country.But of they cn amange to spread to many countries then it will be a great alternative to many local exchanges.

Very low? Are you sure? Where does your data come from?

Even if that's true, there are a lot of crypto projects and exchange based on Singapore already. At least they should have a decent market. I doubt Binance would open a marketplace there if there's no solid user base.

[jrrsparkles]

Don't know how much people were trading crypto curencies in Singapore because the population level is very low in that country.But of they cn amange to spread to many countries then it will be a great alternative to many local exchanges.

Very low? Are you sure? Where does your data come from?

Even if that's true, there are a lot of crypto projects and exchange based on Singapore already. At least they should have a decent market. I doubt Binance would open a marketplace there if there's no solid user base.

Just said on common view and as of now the population of SIngapore is under 6 million which is enough to be considered as solid user base for a new market?

I think they are opening it in Sinapore is just because it is one of the crypto friendly country and they will expannd it sooner to some other countries.

[guoyu78]

Binance always have foresight thats why they are the best by far. They know how to get things done . Targeting the Asian market is a good one for crypto.  The Asians are highly populated so getting them to know, use and adopt crypto will be of great benefit for the crypto space

This is what I have always loved about binance, they really have the right strategy which has always made them to stay ahead of their competitor and with this full speed, it will be very difficult for an exchange to be greater than them, indirectly, we already have a monopolized exchange strategically.

 I am sure they will be able to sustain that position, just like companies like Amazon, eBay and the top ones has been able to hold on tight to their leading position in the ecommerce industry, Binance will be the LION of exchanges for a very long time which will make their coins very high profit yielding investment in future.

[andieoke]

This is good to do, because it can increase cryptocurrency growth in the world in general.  Singapore is indeed a small country, but the country is very rich.  And many people become Cryptocurrency traders.  of course this will make it easier for them to treat trade.  And maybe this will attract new traders, who were initially hesitant to trade Cryptocurrency in the region.

[hahahafr]

Binance is one of the few exchanges that i know in the cryptospace that are helping in the adoption of cryptocurrencies. This is a great development from Binance and the more reason why is going to be one of the popular cryptocurrency exchanges in the world.

[Baofeng]

Don't know how much people were trading crypto curencies in Singapore because the population level is very low in that country.But of they cn amange to spread to many countries then it will be a great alternative to many local exchanges.

Very low? Are you sure? Where does your data come from?

Even if that's true, there are a lot of crypto projects and exchange based on Singapore already. At least they should have a decent market. I doubt Binance would open a marketplace there if there's no solid user base.

Just said on common view and as of now the population of SIngapore is under 6 million which is enough to be considered as solid user base for a new market?

We can also said that about the bitcoin wallets as well, how many addresses we have as compare to the total number of actual users?

I think they are opening it in Sinapore is just because it is one of the crypto friendly country and they will expannd it sooner to some other countries.

Yes, they know that Singapore is very open to crypto so it's a good first step for Binance to let their presence felt in that region. They are really expanding this year and they know that Singapore is a good market for them. And it's one of the faster emerging countries so they know that there are a lot of people in Singapore who has a deep pocket that would love to involved themselves in crypto sphere, win-win situation, for Binance and for Singaporean crypto enthusiast.

[fauzan Ichsan]

Binance is one of the few exchanges that i know in the cryptospace that are helping in the adoption of cryptocurrencies. This is a great development from Binance and the more reason why is going to be one of the popular cryptocurrency exchanges in the world.

right, provide facilities in Singapore, so that consumers in that country are easier to access cryptocurrency. we know that Singapore is an economic country, and there are a lot of bitcoiners, so it's good if binance does that step

[Barbut]

Binance is one of the few exchanges that i know in the cryptospace that are helping in the adoption of cryptocurrencies. This is a great development from Binance and the more reason why is going to be one of the popular cryptocurrency exchanges in the world.

right, provide facilities in Singapore, so that consumers in that country are easier to access cryptocurrency. we know that Singapore is an economic country, and there are a lot of bitcoiners, so it's good if binance does that step

Binance is doing big job this year, they are everywhere, they are very active in promoting themselves, crypto generally, their token, and they have time to be very active in the community itself, helping people, adding new stuff. They are already doing so much, and looking on their plans for this year only (to not mention future) they plan to be number 1 and if they continue to work like this they will be number 1 and they will stay on that place for a long time.

[arpon11]

First announced in September 2018, Binance Singapore will be a fiat-to-crypto exchange that would support the Singaporean dollar.


Full article here: https://www.unblock.news/market/binance-to-open-singapore-fiat-to-crypto-exchange-in-april

It look like binance is now leading cryptocurrencies exchange in creating acceptability and adopting! Maybe that is why binance is becoming more popular by the day and many big industries and investors are now trading through binance platform.
the opening of this crypto to fiat currency exchange in Singapore is really great breakthrough to me and if one country that has independent mind started to used cryptocurrencies or bitcoin with their country's currency then we should know that adoptions by others countries will be easy.

[dddudidd]

if binance aims to support the Singapore dollar, I am sure it is a pride for Singaporeans. of course the circulation of Singapore dollars is getting better in the eyes of the world. for traders immediately to shop for Singapore dollars. because you know yourself the circulation of money in binance is very fast.

[Kevin77]

Is there a limit for one nation? Like I know what binance started out in Singapore is not like binance we know but it allows for binance to make sure fiat to crypto is possible and that is great news because its a big name and can be used everywhere.

Now, USA may not need something similar since they already have coinbase but looking at all other countries in the world even though there are some local fiat to crypto websites, none of them have a big name like binance. This is why I think binance should be looking into starting places all around the world, Singapore could be the first example, they can then look for a second nation with a lot of interest and not a big name on their market, maybe even Ukraine since they are very crypto loving but don't have a famous global exchange, then they can do it nation by nation for a while until they have tens of countries in their list.

[marcbitcoins]

Singapore has a very strong economy links in favor of all businesses like Binance exchange in which it just rebuilding their reputation from stealing incident so i think both will benefits from this development as the Singaporean will need more good exchanges for their growing population of crypto users too.

[mirawantirinjana]

If indeed binance has the plan, then I think it is a very good decision, because Singapore is one of the countries with a strong and stable economy.
and that will be a positive news for Binance's development in the future.

[prtty2gal2]

This is good to do, because it can increase cryptocurrency growth in the world in general.  Singapore is indeed a small country, but the country is very rich.  And many people become Cryptocurrency traders.  of course this will make it easier for them to treat trade.  And maybe this will attract new traders, who were initially hesitant to trade Cryptocurrency in the region.

Based on my observation, it seems to me like smaller developed countries are the ones really keying in to this cryptocurrency of a thing, because for binance to have gone to Singapore to have their physical presence there, then the government of Singapore would have allowed that being a crypto friendly zone.

Look at where they moved their head office to too, which is Malta, Malta is also a very small country and I learnt that they are also crypto friendly, if these countries sees nothing wrong in crypto, why is America and other large countries feeling threatened about it, and I guess it is just because they want to keep staying in control.