Binance is one of the largest cryptocurrency exchanges in the world by volume, and it had a lot going on in the past one week. It introduced support for the Polish language on its website and added a Polish Telegram channel too. Meanwhile, the exchange signed a memorandum of understanding (MOU) with the Malta Stock Exchange to start a securities trading platform. The company is making new strides in the European market, even as cryptocurrencies are at a disappointing low.
March to Europe Begins
Binance first announced support for Polish on its website. The exchange wrote:
“Binance.com is now available in Polish! You can change the language to Polish from the top right corner of the website. Please join the Binance Polish Telegram Chat: https://t.me/Binance_Polish and the Binance Polish Facebook page: https.”
The website translation was completed with the help of community volunteers.
Meantime, local publication MaltaToday reported that the exchange had signed an MOU with the Malta Stock Exchange. The two will collaborate on launching a new digital exchange for trading security tokens. The new platform will leverage the Maltese exchange’s status as a regulated body and Binance’s global reach and business model.
Binance Has a Positive Point of View for Crypto
The crypto exchange trades far more digital assets than some other popular platforms like Coinbase. It even has its own crypto asset — Binance token.
Binance CEO Changpeng Zhao recently provided a glaring example of his crypto optimism.
I still disagree with this. I will say "crypto will absolutely grow 1000x and more!" Just reaching USD market cap will give it close to 1000x, (that's just one currency with severely restricted use case), and the derivatives market is so much bigger. https://t.co/bvSttEeCmc
— CZ Binance (@cz_binance) September 12, 2018
He was commenting on Ethereum cofounder Vitalik Buterin’s statement in which he claimed that there is no room for cryptocurrencies to grow by 1,000x. Zhao went on to add that if crypto coins reach the total market cap of USD, the industry will get a close to 1,000 times boost easily. He also suggested that the derivatives market, which is much bigger than USD, would help bring in more growth.