Binance, the world’s most popular cryptocurrency exchange, will offer the opportunity to trade in Malaysia again by agreeing with MX Global.
The main purpose of the partnership Difficult to get regulator approval It is thought to be able to offer trade opportunities in the countries where it is located. By Binance, Malaysia organized Since it is partnered with the crypto money exchange MX Global, it will be able to exist in the country again.
Binance acquired a major stake in MX Global, licensed by the Malaysian Securities Commission (SC). significant volume of the cryptocurrency market It aims to expand the crypto market in Malaysia and the Southeast Asian region.
It is estimated that MX Global has partnered to expand its market and become a leader among cryptocurrency exchanges in the Southeast Asian region.
The partnerships Binance has established recently are happening for almost the same reasons. Regulated institutions in the region as it would reduce their legal compliance requirements. exists by establishing partnerships. After Binance had to cease operations in Thailand in July last year, it followed a similar strategy with the Thai cryptocurrency exchange Gulf Energy Development in January this year. formed a partnership and It was back in the Thai market.
Binance’s services in Malaysia were warned by the Securities Commission of Malaysia (SC) that it did not comply with the law last year. It was restricted in July.