Singapore-Based Fiat-to-Crypto Exchange Launched By Binance

Singapore-Based Fiat-to-Crypto Exchange By Binance

Binance cryptocurrency exchange on Wednesday announced the official public launch of Binance Singapore, a fiat-to-crypto platform for buying crypto with Singapore Dollars (SGD).

 

This venture is supported by two divisions of Vertex Ventures : Vertex Ventures China; and Vertex Ventures Southeast Asia and India.

Binance Singapore allows residents of Singapore to buy and sell Bitcoin (BTC), Ether (ETH), and Binance Coin (BNB) using the following trading pairs: BTC-SGD, ETH-SGD, and BNB-SGD.

The buy and sell interface is designed with this look:

Singapore-Based Fiat-to-Crypto Exchange By Binance

Binance Singapore supports real-time 24/7 SGD deposit/withdrawal functionality using Singapore’s FAST which in full means Fast and Secure Transfers; electronic funds transfer service, which “enables customers of the participating banks to transfer Singapore Dollar funds from one bank to another in Singapore almost instantly.”

On 15 September 2018, Changpeng Zhao, Co-Founder and CEO at Binance, mentioned during day two of the Consensus: Singapore 2018 conference that “closed beta testing” of Binance Singapore would be starting on 18 September 2018 and the platform is on ground.

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