Binance to Open Office in Uganda

Changpeng Zhao wants to spread the crypto currency in all parts of the world
29 June 2018   629

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 to List USDC on 17.11.18

First trading pairs for stablecoin will be Binance Coin and Bitcoin
15 November 2018   94

Binance will list USD Coin (USDC) stablecoin. This is reported by the company itself.

The “stable coin” from the Circle startup will be available on November 17 in pairs with Binance Coin (BNB) and Bitcoin.

Note that despite the very young age, the USDC is already on the 49th line of the CoinMarketCap rating. So far the most actively this token is traded on the Poloniex exchange, which since February is the property of Circle. However, with the addition of USDC, you can most likely expect an increase in the total trading volume of this coin, as well as further growth of its capitalization.

Binance management also announced the successful completion of maintenance on the platform.