Binance, the world’s largest cryptocurrency exchange by volume, withdrew its license application to operate an exchange in Singapore, ending the project it had been planning to put into effect since last year.
It will enable them to provide digital asset services to local users in Singapore. “Digital Payment Token License” applying for approx. 170 one of the crypto company Binanceby the Singapore authorities “Cryptocurrency exchange can serve in the license application processon the saying 10 July from 2019 has been in service ever since.
Binance’s spokesperson in Singapore Hazel Watts, He said that all local employees will participate in the company’s global operations and will continue to contribute to the company.
Binance sent an e-mail to a news site, Until 13 February 2022 local site in Singapore Binance.sg to provide services through will stop and all existing accounts will close announced. And “Users can close their positions by this date. has to” said.
Users will continue to trade cryptocurrencies until January 12, 2022. they can. By February 13, 2022 at the latest, crypto and fiat currencies third side able to pull platforms.
According to CoinMarketCap data, the daily trading volume of Binance, the world’s largest trading volume, is approximately 14 billion is dollars.
The article titled Binance Withdraws from Singapore was prepared by Akın Akalın and published on koinbulteni.com.