Binance, one of the leading crypto exchanges, will join the MSX FinTech Accelerator Program, which supports fintech projects and crypto startups in Malta, the local Stock Exchange informs.
For companies that seek an "easy access to a readymade solution at one of Malta’s most prestigious addresses – the Malta Stock Exchange” the program offers a range of services.
“It is clear that Malta is becoming a Fintech and blockchain center of excellence and we want to allow local and foreign companies the ability to bring their ideas to the market faster,” Joseph Portelli, chairman of the Malta Stock Exchange, said.
It is worth noting that Malta is trying to attract international crypto companies and is in fact succeeding. There are already two leading crypto exchanges operating there, one of which is Binance. As representatives of the exchange explained, they chose Malta, because the country chooses to progressively support the crypto industry.
Binance spokesperson said:
“We moved our operations to Malta precisely because it has demonstrated its progressive approach to supporting and developing the crypto and blockchain industry. Malta is creating a safe and legislated environment for the industry to become reputable, attracting companies like ours and many others. The Malta Stock Exchange reflects these values, providing the infrastructure for entrepreneurs and start-ups to flourish in what is otherwise a highly competitive industry.”
By Ekaterina Ulyanova