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Home NEWS Blockchain

Malta Prime Minister Welcomes Binance to Its “Blockchain Island”

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Coinworldstory by Coinworldstory
March 24, 2018 - Updated on January 11, 2019
in Blockchain
Reading Time: 2 mins read
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Malta Prime Minister Welcomes Binance to Its “Blockchain Island”
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The world’s largest cryptocurrency has found a new home on one of the world’s smallest island states. Prime Minister Joseph Muscat warmly welcomed the cryptocurrency platform and spoke of his desire for Malta to become “global trailblazers in the regulation of blockchain-based businesses and the jurisdiction of quality and choice for world class fintech companies”. Colleagues joined him in welcoming Binance and spoke of a desire for Malta to become known as “the blockchain island”.

If Zug in Switzerland is Europe’s crypto valley, Malta is bidding to come its island equivalent. The Mediterranean island, with a population of 450,000, is a major hub of banking and finance and is a global leader in the online gambling industry. On March 23, Binance announced that it would be moving its operations to the island, which is a European Union member. The cryptocurrency exchange, the world’s largest by trading volume, has been searching for a home after regulatory action in China, Hong Kong, and Japan forced it to look elsewhere.

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About Binance 

Binance, found online at Binance.com, is a popular cryptocurrency exchange currently sitting in the top 20 exchanges by volume.

The exchange has particularly strong volume in pairs like NEO/BTC, GAS/BTC, ETH/BTC, and BNB/BTC. BNB is the exchange’s homegrown currency called Binance Coin.

Binance is known for its low trading fees (0.1%) as well as its fast transaction processing. The Binance technology is capable of processing 1.4 million orders each second, making it a world leader in potential exchange volume. At the time of writing, Binance was sitting in the #17 spot in terms of 24 hour trading volume.

Read Full Review About Binance Please Click Here .

[su_quote]This article is writing on 24 March ,2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- 918077121282[/su_quote]

Article Disclaimer

The Information Presented Here Does Not Constitute Investment Advice Or An Offer To Invest. The Statements, Views, And Opinions Expressed In This Article Are Solely Those Of The Author/company And Do Not Represent Those Of Coinworldstory. We Strongly Advise Our Readers To Do Your Own Research (DYOR) Before Investing In Any Cryptocurrency, Blockchain Project, Or Ico, Particularly Those That Guarantee Profits. Furthermore, Coinworldstory Does Not Guarantee Or Imply That The Cryptocurrencies Or Projects Published Are Legal In Any Specific Reader’s Location. It Is The Reader’s Responsibility To Know The Laws Regarding Cryptocurrencies And Icos In His Or Her Country. Please Respect Your Country Law & Take Advice From Your Advisor .

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