Litecoin is now supported by the Coinbase

Popular cryptocurrency exchange from San Francisco now supports Litecoin 
27 June 2017   2815
Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

Popular online cryptocurrency exchange Coinbase now supports Litecoin. Users can now easily buy, sell and store Litecoins using Coinbase website of mobile apps. 

Coinbase assure that it's mission is to create an open financial system for the world. With addition of Litecoin, they moves one step closer to this goal. 

Coinbase was founded by the Brian Armstrong and Fred Ehrsam in San Francisco in June 2012. It operates in 190 countries, has over 7 000 000 users. 

Binance Singapore Unit to Apply For License

Under the new law, aimed at regulating crypto paymetns and trading, firms must register with the Monetary Authority to receive a license
17 February 2020   282

Binance, a Singapore-based cryptocurrency exchange unit, has applied for a license under the new Payment Services Act, which entered into force on January 28.

We have already applied. We submitted the application pretty fast. Binance’s Singapore entity has been in close touch with the local regulators, and they have always been open-minded.

 

Changpeng Zhao

Founder and CEO, Binance

Under the new law, crypto companies in Singapore must register with the Monetary Authority and receive one of three licenses: an exchange of money, a standard or large payment institution. The measure is aimed at regulating payments and crypto trading using requirements for participants in the traditional finance industry. Zhao did not specify which of the licenses Binance Singapore chose.

Binance has been offering crypto-fiat trading services in Singapore since April 2019 and works with eight coins, including Bitcoin, Ethereum and XRP. The trading platform is supported by Vertex Venture Holdings, a venture division of Singapore's Temasek Holdings.