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Binance opens crypto-fiat exchange in Singapore, Bitcoin, Ethereum and other coins give it a shrug

Major digital assets started the in a green zone, gaining from 0.26 (BTC) to 4.8% (Monero) in recent 24 hours. However, the upside momentum is losing traction ahead of European hours, which means that crypto bulls might need some more motivation to drive prices higher.

While Bitcoin is dancing around $6,500 handle, mostly unchanged since this time on Sunday, Ethereum and XRP are more willing to grow with 2.3% and 1.3% gains respectively. ETH is one of the growth leaders on a weekly basis: the second largest coin by market value has grown over 10%. Bitcoin has managed only 2.5% during the same timeframe.

EOS and stellar are also doing well. Stellar (XLM)is the 6th largest coin with market value $3.85B. It is trading at $0.2047 at the time of writing, 2.25% higher on a daily basis and 6% higher in one week’s time. EOS stays at $5,38, gaining 1.5% and 6.7% respectively.

Meanwhile, Binance, the largest cryptocurrency exchange based on Malta, plans to launch crypto-fiat trading platform in Singapore, according to the announcement made by Binance’s CEO Changpeng Zhao.

“I just slipped that we will begin #Binance Singapore fiat exchange live money closed beta testing on Sept 18th, in 3 days. Invitation only first. Exciting!” he wrote in his Twitter account.

Changpeng Zhao first cracked the news at a blockchain event organized by crypto assets-specializing company Cumberland, according to Finance Magnates. The exchange will go live in beta version on September 18 with no further details are available at the moment.


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