Binance cryptocurrency exchange has recently announced its partnership with Liechtenstein Cryptoassets Exchange (LCX) to make and launch a cryptocurrency trading platform that lets customers trade directly against fiat currencies, like Euro. The Malta company announced Binance LCX as the head of their trading operations in the Central European economy. This establishment joint venture will let the cryptocurrency users trade their crypto-assets for Swiss francs (CHF) and euros (EUR). Binance unification with LCX will be accountable for handling customer support as well as regulatory compliance.
At its early stage, Binance was responsible to handle greater volumes and its high-quality of being bankless had put it on the top ten crypto exchanges list. At present, Binance is among the top three crypto exchanges in the world and it has recorded 90 percent ICO returns for its token sale members already.
On the other hand, LCX is apparently looking to get a MiFID II license in line with the Liechtenstein Banking Act. The exchange will also be applying for licenses under the Liechtenstein Blockchain Act, an all-inclusive initiative by the Government of Liechtenstein to shape legal security for cryptocurrency and blockchain trades.
According to Changpeng Zhao, CEO & Founder of Binance cryptocurrency exchange, the new joint venture will create a maintainable and dependable fiat-crypto gateway for specialized and regular investors alike, he hopes that the new exchange would drive new values for usability and acquiescence for the blockchain industry.
Liechtenstein has entered the race to attract cryptocurrency business to the country, opposing with crypto-friendly European competitors such as Gibraltar, Malta, and Switzerland. In March 2017, Liechtenstein’s Bank Frick became one of the first European banking institutions providing direct investment and protective services for investors seeing for cryptocurrency exposure.
As per the news published in CCN, the Binance cryptocurrency exchange and LCX partnership has attracted support from Adrian Haslet, the Prime Minister of Liechtenstein, representing a strong political and supervisory backing for this inventiveness
The post Binance Cryptocurrency Exchange Partners With LCX To Trade Against Euro appeared first on OWLT Market.
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