One more crypto trading platform is expanding to Malta. The top-5 exchange ZB.com 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, ZB.com 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.