ViaBTC will launch exchange outside China

According to the head of Chinese cryptocurrency exchange, the third of company's customers are outside of China
25 September 2017   733

The administration of the Chinese exchange ViaBTC announced plans to open a new crypto exchange, this time outside the country. It is reported by South China Morning Post.

The exchange was launched in July 2017. Trade on it was focused mainly on users from China, but foreign users could also register by providing the necessary identification documents.

However, in September, as a result of restrictive measures on the part of the Chinese government, ViaBTC decided to wind down this line of activity, officially launching the process earlier this week. Nevertheless, the company does not intend to completely abandon the maintenance of the trading platform.

A third of our customers are outside of China, and I believe they will continue to use the ViaBTC platform.

Haypo Yang
Head, ViaBTC

According to him, the exact time frame for launching the exchange outside of China has not yet been determined. He also stressed that the company has the necessary funds to meet all requests for withdrawal of funds, which must be completed before Monday, September 25.

Binance to Launch Crypto-Fiat Exchange at Jersey

The new exchange will feature BTC / GBP, ETH / GBP, BTC / EUR and ETH / EUR trading pairs
16 January 2019   72

Binance has opened a branch at Jersey island, targeting Europe and the UK. Its clients will be able to trade Bitcoin and Ethereum for the euro and the British pound. 

The new exchange will feature BTC / GBP, ETH / GBP, BTC / EUR and ETH / EUR trading pairs. To start trading, users must undergo KYC verification.

According to Binance CFO Ju Wei, bidding cryptocurrencies for fiat money will provide Europeans with new opportunities in the face of uncertainty with Brexit affecting the euro and the pound.

Wei also stressed that a strong legal framework makes Jersey one of the leaders in the development of blockchain technology.