Changpeng Zhao, CEO of the largest cryptocurrency exchange by trading volume, has suggested in a tweet posted in his official account on March 9 that the company could be launching a new exchange in Argentina.
In a reply to a publication made by the crypto news magazine CoinSpice that reported that the Argentinian government and Binance Labs had reached an investment agreement for blockchain projects, CZ literally wrote: "Guess where we will have a new fiat-to-crypto exchange?"
According to this tweet, Binance is considering the possibility to establish a fiat-to-crypto exchange in the Latin American country.
Why it is important
- Binance had recently announced it planned to launch fiat-to-crypto exchanges in eight countries. However, in a report released in January, the representatives of the exchange only confirmed 2 of the locations: Singapore and Malta.
- Binance also announced in January it had entered a collaboration agreement with Simplex, a payment processor, in order to allow its users to buy crypto with credit and debit cards.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.