Binance to Support Malta Stock Ex Accelerator Program

Up to 12 fintech startups will be able to take part in the program
19 June 2018   1817

The world's largest crypto exchange Binance will support the program for support of local fintech startups, organized by the Malta Stock Exchange.

Fintech Accelerator MSX will support prospective start-ups and, in particular, provide professional services for business, including accounting services and provision of workspace.

It is clear that Malta is becoming a Fintech and blockchain center of excellence and we want to allow local and foreign companies the ability to bring their ideas to the market faster. This programme offers foreign entrepreneurs easy access to a readymade solution at one of Malta’s most prestigious addresses – the Malta Stock Exchange.

Joseph Portelli

Chairman, Malta Stock Exchange

Up to 12 fintech startups will be able to take part in the program. In addition to Binance, the new accelerator for startups will be supported by the media corporation Thomson Reuters.

Previously, the head of Changpeng Jao has repeatedly noted that Malta is one of the best places for the blockchhain companies, which is facilitated by a favorable tax and regulatory climate.

Binance to Acquire a Stake in BxB

The startup will act a support center for local users of the global platform
15 January 2020   176

Bitcoin exchange Binance acquired a stake in fintech firm BxB from South Korea for 500 million won ($ 432 000). The startup will provide a support center for local users of the global platform. It is reported by CoinDesk.

Binance also publicly recognized for the first time that it registered a subsidiary in South Korea in October - Binance Co. Ltd. The company will operate a support center in partnership with BxB.

The exchange plans to expand cooperation with BxB in the future, but concrete plans are still being worked out.

The company previously released the first stablecoin backed by the Korean won, KRWb. One of the proposed partnership options could be the pairing of KRWb with the BNB token to facilitate Korean users trading on the Binance platform.

Despite the constant expansion of the list of fiat currencies supported by the exchange, the Korean won is not yet included in it.