New Binance exchange branch goes live in Singapore

• Binance Singapore users will be able to buy and sell BTG/SDG as they please.
• Binance Singapore branch goes like in the wake of Binance DEX launch earlier this week.

The much-awaited Binance Singapore exchange  has finally been launched. However, the new exchange is reported to have few features, besides users can only buy and sell BTC/SDG. The website of the Singapore-based exchange says that the new platform has been launched in collaboration with Xfers, a local crypto wallet provider that is already approved to operate by the Singaporean authorities.

Customers must go through three steps before starting to trade on the platform. First, they must create an account with the exchange, then link their Xfers accounts and lastly begin to buy and sell BTC as they please.

 “Binance is excited to bring world-class blockchain technology to Singapore and we look forward to showcasing Binance’s tier one safety and security measures to the world. BTC/SGD is the initial pair Binance Singapore is offering with the soft launch and there may be more pairs added as regulations allow,” a spokesperson said.

Binance Singapore branch goes like in the wake of Binance DEX launch earlier this week. Binance has also released the mainnet for its protocol, Binance Chain. In fact, migration of BNB tokens from Ethereum to its own protocol.