Binance to Open Office in Uganda

Changpeng Zhao wants to spread the crypto currency in all parts of the world
29 June 2018   1441

The Binance currency exchange announced the opening of a unit in Uganda, whose services include the exchange of digital assets for the currency of the country. This is reported by Cointelegraph.

Binance Uganda will be an independent structure, while at the same time possessing a "reliable business association" with the main platform. The new exchange will use the code base, operating systems and security measures of the original Binance platform.

The decision to launch Binance Uganda Changpeng Zhao ​​explained the desire to spread the crypto currency in all parts of the world.

We think that crypto has a very strong use case in less developed countries… there’s more money to be made in a more developed country, but we want to distribute crypto to the rest of the world.

Changpeng Zhao

CEO, Binance

At the same time, Changpeng Zhao ​​stressed that to expand the fiat exchange proposal it is necessary to resolve issues related to customer identification and combating money laundering.

In the short term, the company plans to open branches in two or three more regions and continue working on a prototype of its decentralized exchange.

Binance DEX to List 5 TrustToken Stablecoins

Binance DEX listed TrueUSD, TrueGBP, TrueAUD, TrueCAD and TrueHKD, tied to appropriate fiat currencies
08 August 2019   275

Non-custodian exchange Binance DEX in the near future conducted a listing of five new stablecoin issuer TrustToken, The Block reports.

As TrustToken said, Binance DEX added TrueUSD, TrueGBP, TrueAUD, TrueCAD and TrueHKD, exchange rates related to the US dollar, Australian dollar, Canadian dollar and Hong Kong dollar, respectively.

All five assets will be released on the blockchain. Until this moment, TrustToken stablecoins were available only in the format of ERC20 tokens on the Ethereum blockchain.

Binance DEX has new opportunities for making financial contributions. TrueUSD trading on Binance DEX should start on August 8th. Listing suggestions for other TrustToken stablecoins will be issued in the coming weeks.

TrustToken plans to launch its new or two additional blockchains before the end of the year and the new TrueSGD, the rate of which will be tied to the Singapore dollar, “soon”.