Binance Stakes in Malaysian Exchange. New Headquarters Soon?
- Binance will be returning to the Malaysian markets, thanks to a strategic stake in a regulated Malaysian crypto trading platform.
- Together with Cuscape Bernard, Binance has acquired a key stake in MX Global.
- The cryptocurrency exchange will return to Malaysia with full force for the first time since being pressured to restrict some of its services in July 2021.
The world’s leading cryptocurrency exchange in terms of trading volume, Binance, will be returning to the Malaysian markets through a strategic stake in the country’s regulated digital asset trading platform, MX Global.
The cryptocurrency exchange had to restrict its services in Malaysia back in July of 2021 after pressure from the Securities Commission in Malaysia over non-compliance with local regulatory laws.
According to an article on PR Newswire yesterday, Binance, together with Cuscapi Berhad, have acquired a key stake in MX Global. MX Global is one of the four recognized market operators in Malaysia that is licensed by the Securities Commission in Malaysia.
...Read more: https://coinquora.com/binance-stakes-in-malaysian-exchange-new-headquarters-soon/
Text source: News – CoinQuora – Latest Cryptocurrency and Block
