Binance, the world's largest crypto exchange by trading volume, has just opened its new platform in Singapore months after announcing it, TechCrunch reported on April 23.
So far, the platform users can only buy Bitcoin through the local currency, the Singapore dollar. This means that traders will only be able to trade with a single trading pair, far from the wide range of options available on its parent platform.
According to the message published by the platform on its official website, the service is possible thanks to local payment firm Xfers, which claims to have a crypto wallet approved by the country's regulators.
The new users who want to use the platform firstly have to open an account at the exchange and then link their Xfers account to the platform, after which they will be able to buy and sell Bitcoin.
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