Another crypto exchange to open office in Malta

Posted 16 August, 2018

One more crypto trading platform is expanding to Malta. The top-5 exchange has expressed its intentions to set up a branch on the "blockchain island ".

The island's official stated that this will push Malta closer to the palm in the blockchain sector.

“Malta is perhaps the world’s most progressive and forward-thinking nation in DLT, crypto and fintech, and we are very excited to be part of the Blockchain Island. We are confident we will be able to announce our live operations soon,” co-founder Jimmy Zhao said. 

Zhao revealed that he arrived at the island to meet business partners and took a chance to discuss possible opening of the office with the local authorities.

As a result, will become the next one to launch its business in Malta following such major players as OKEx, DQR and Binance.

During the first phase, the platform will deal only with crypto-to-crypto services, so in the long run, it plans to add fiats. It is worth mentioning that now only Binance and Bitbay offer crypto to fiat exchange.

For reference, the local authorities are taking active measures to lure crypto and blockchain companies to the island. The government provides full support for business in Malta and quite flexible regulation. Many European countries remain careful and do not welcome cryptos, and in this context, the Maltese island looks the best choice for the companies in the industry.

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16 August, 2018 16:11

← SEC in Thailand green lights 7 crypto exchanges

On August 16, the Securities and Exchange Commission in Thailand has unveiled the companies that filed an application for a crypto business license in the country. The official report reads that the Thai regulator approved seven companies for operations. The list included such crypto exchanges as Bitcoin Co. Ltd. (BX), Bitkub Online Co. Ltd., Cash2coins Co. Ltd., Group Co. Ltd. (TDAX), and Coin Asset Co. Ltd. 

SEC in Thailand green lights 7 crypto exchanges

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