Home Crypto exchange Binance CEO CZ Hints at Creation of Fiat-to-Crypto Exchange in Argentina

Binance CEO CZ Hints at Creation of Fiat-to-Crypto Exchange in Argentina

CEO of cryptocurrency exchange Binance, Changpeng Zhao, has hinted at the creation of a new fiat-to-crypto exchange in Argentina in a tweet sent on March 9.

The tweet was in reply to a piece published by crypto news website CoinSpice. The article in question concerned the agreement between the government of Argentina with Binance Labs, the exchange’s investment and social impact arm, to co-invest in blockchain projects that are backed by the exchange.

Zhao’s comment contained in the tweet apparently suggested that Binance has plans to establish a fiat-to-cryptocurrency exchange in Argentina. More precisely, the tweet stated:

“Guess where we will have a new fiat-to-crypto exchange?”

As Cointelegraph reported in January, following reports that Binance planned to launch fiat-to-crypto exchanges in eight more countries — one of which was Argentina — a spokesperson of the exchange declined to confirm six of the alleged locations, only affirming plans for Singapore and Malta.

Also in January, the exchange had added support for credit card crypto purchases through its partnership with payment processor Simplex.

More recently, exchange and social network for investors and traders eToro launched its cryptocurrency trading services in the United States. The exchange, which reportedly has over 10 million users, will start facilitating the trade of 13 unspecified crypto assets and release a cryptocurrency multisignature wallet to customers in 32 U.S. states and territories.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

Staking: these are the 5 preferred cryptos for passive profits

Staking has been called in various ways, some accurate, others not so much. This has also happened with PoS,...

United Kingdom forces to block cryptocurrency advertising

The advertisements of the company Luno will be withdrawn from the United Kingdom after the resolution that obliges them to do so...

Cryptocurrencies find some relief after their crash

Cryptocurrencies find some support for a bounce after one of the toughest weeks for investors. Although last Thursday we...

China Strikes Cryptocurrencies Again, Bitcoin Slumps Again

The highest level of government in China has proposed new measures to regulate mining in the country. The proposal has been received...

Bitcoin on the Playstation? Sony’s patent finally accepted

On May 17, 2021, the publication of a patent by Sony Interactive Entertainment mentioning Bitcoin was greeted with great fanfare by the...