• bitcoin

    Bitcoin (BTC)

    $ 3,984.09 0.09%
  • ethereum

    Ethereum (ETH)

    $ 137.53 1.13%
  • ripple

    XRP (XRP)

    $ 0.314033 0.79%
  • stellar

    Stellar (XLM)

    $ 0.107559 0.16%
  • eos

    EOS (EOS)

    $ 3.71 1.07%

Exchanges

Binance CEO hints at upcoming fiat-to-crypto exchange in Argentina

Changpeng 'CZ' Zhao, CEO of Binance, hinted that Binance is planning to have a fiat-to-crypto exchange in Argentina. This week, Binance also announced that every blockchain project that receives funding from Binance Labs or LatamEx will see a matching investment of up to $50,000 from the Argentinian government. Binance has already launched two fiat-to-crypto exchanges in Uganda and Jersey.

This would confirm The Block's earlier reporting that the next likely launch locations of fiat-to-crypto exchanges will be South Korea, Lichtenstein, Argentina, Russia and Turkey. This year, Binance plans to launch at least two more; one in Malta and one in Singapore. Binance is reportedly also considering Bermuda as a potential home for a fiat-to-crypto exchange.


Previous version said that Zhao confirmed the new exchange would be in Argentina. The text has been changed to 'hinted at'.