The world’s leading cryptocurrency exchange, Binance has entered the Singaporean market launching a beta modul of the fiat-to-crypto exchange.
Despite some pessimistic moods in the crypto community, Changpeng Zhao, the CEO of Binance, believes that crypto still has room for 1000x growth in the upcoming years.
Binance has currently released a “rough, pre-alpha” of the decentralized exchange, which is currently only client-based with no working graphical user-interface.
In spite of a very unstable situation on the crypto market, the world’s largest virtual currency exchange expects $1 billion of profit this year.
As per source familiar to the plans of FSA, Binance received the warning as it was expanding its operations in Japan without taking prior approval from the agency.