Binance's DEX & Singapore Unit to be Launched This Month

These announcements were made during the Deconomy 2019 forum, held in Seoul right now
04 April 2019   319

The CEO of the Binance Changpeng Zhao made several important announcements during his presentation at the Deconomy 2019 forum, which is taking place these days in Seoul.

Binance Singapore will come online in April. It will be our next Fiat to Crypto exchange servicing SGD.

Changpeng Zhao

CEO, Binance

About the beginning of the closed beta testing of the Singapore site Zhao reported back in September last year. Binance later attracted funding from the Singapore-based Vertex Ventures investment fund. The exchange may still consider the possibility of opening new crypto-fiat sites in a number of jurisdictions.

The second announcement of Zhao is related to the decentralized exchange being developed by Binance, which was launched in mid-February to trade test tokens.

Binance DEX anticipated mainnet launch will happen this month.

Changpeng Zhao

CEO, Binance

The next important stage in the development of the platform will be its opening in the full functionality mode, which can happen quite soon.

Hacked Zaif Exchange to Resume Operations

It was hacked in September last year,  about $60 million in cryptocurrency was stolen from its platform
22 April 2019   88

Japanese cryptocurrency exchange Zaif announced that it will complete the transition from the Tech Bureau to the Fisco Digital Asset Group (FDAG) on April 22 and resume normal operation the next day, Cointelegraph reportes.

In September last year, the exchange underwent a hacker attack when about $ 60 million in cryptocurrency was stolen from its platform, including Bitcoins, Bitcoin Cash and Monacoin. As part of the compensation plan to users, FDAG exchange acquired a large stake in Zaif business and transferred to the Tech Bureau over $ 44.6 million.

According to an earlier announcement of the exchange, 40% of the lost funds will be compensated to users by Fiat, and the remaining 60% - to the cryptocurrency, which will be available for withdrawal on April 23.