Binance launches mainnet and opens office in Singapore in April 2019
Many events took place at the start of 2019 into the cryptocurrency space and Binance always seemed to be somehow involved to a certain degree in the positive evolution of the industry, especially with its approach to Initial Exchange Offerings.
Another important step ahead for the company represented the launch of Binance DEX, the decentralized trading platform which worked in a testing mode until now and it follows to become fully available by the end of April 2019.
At the moment, Binance DEX allows users to create wallets and trade tokens on its testnet. However, with the launch of the mainnet, Binance DEX will support Binance’s Trust Wallet and hardware wallets, such as Ledger Nano S, with other compatible wallets to be added in the future.
Further on, Binance continues to keep on growing its digital presence with the new Singapore-based cryptocurrency exchange that will permit users operate fiat-to-crypto transactions.
The latest exchange in Singapore comes nevertheless as a natural consequence of the company’s development into attractive jurisdictions. Previously, Binance opened other exchanges in Malta and Uganda for faster access to the African and European jurisdictions.
A similar exchange that will allow customers to deposit fiat in exchange for crypto is expected to open in Argentina in the following period for a better access to the South American continent.
With the continuous development of Binance, the market analysts can’t seem to find any negative element to highlight about the company.
Lately, Trust Wallet – Binance’s official cryptocurrency wallet – announced the addition of Tezos (XTZ), a digital currency which uses the Proof-of-Stake consensus mechanism. Tezos displayed an impressive growth rate over the last months and its staking feature seems to attract investors who look to hold digital assets in order to receive rewards.
Binance moves so fast into improving the current blockchain ecosystem that even media sources have a hard time keeping up with their persistent growth.