- Member Since: September 14, 2018
Crypto Exchange Binance Prepares for Its Much Anticipated Relocation
Pseudonymous Bitcoin creator Satoshi Nakamoto was clearly interested in upsetting the status quo with his invention. Futurists have been speculating for many years about how a truly decentralized, digitalized currency could take the place of the dollars, euros, and yen that have traditionally been the default.
While much has changed since Bitcoin was first revealed to the wider world, a pointed interest in globally democratizing currency and trade has remained more or less constant. Unfortunately, some serious problems have, until this point, stood in the way, with some of them in rather unlikely places.
A Longstanding, Steadily Growing Need for Better, More Flexible Exchanges
Even if cryptographic currency fans dream of a day when no other type of money will be needed, for example, it has become clear to most that this moment is still in the future. As financial markets news , increasing the uptake of Bitcoin and the many younger alternatives requires making it easy to turn cryptographic currencies into the official ones of particular nations.
Some progress has already been made in this regard, with generally respected companies like Coinbase jumping through the many hoops associated with offering financial services in countries such as the United States. At the same time, sticking to every last relevant regulation and restriction necessarily means giving up on some of the freedom and flexibility that have enticed fans of cryptographic currency since the beginning.
One Leading Exchange's Bold Move to Malta
Hong Kong-based Binance has become a titan of the cryptographic currency movement in very short order. current business articles accounts for more trading volume than any other exchange, but it is not done developing and improving.
The latest binance news has the company set to move its headquarters to Malta, a country in the Mediterranean that has long courted financial services businesses by maintaining a light touch with its regulations. The Binance Malta office will allow the exchange to forge a close relationship with a regulating authority that has a history of encouraging growth and flexibility, instead of churning out unnecessarily burdensome rules.
While finance news app of the Binance fiat to crypto trading plans to be offered have yet to be released, experts have been unanimous in expressing interest. Many believe that combining Binance's heft and reputation with a regulatory regime that aligns with the ideals of crypto can only be productive.
As a result, Malta-based Binance fiat trading plans are expected to attract many new customers as soon as they become available. That will almost certainly be a positive development for cryptographic currencies in general.