Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is available in Malaysia. The Malta-based company announced the news on its blog on August 8, 2018.
The announcement comes as the latest development in Binance’s aggressive global expansion plans. The exchange has been rapidly expanding its operations in recent months, launching new services and opening up offices in multiple countries.
NOTE: Warning: Binance is not officially available in Malaysia. Trading with Binance in Malaysia is done at the user’s own risk and may not be legal, depending on the local laws and regulations of the country. Users should research their local laws before trading with Binance in Malaysia.
Binance first debuted in Malaysia back in March 2018 when it launched a cryptocurrency trading platform for Malaysian users. The launch was part of a larger push by Binance to enter new markets and expand its user base.
Now, with the announcement that Binance is available in Malaysia, the exchange is looking to further solidify its presence in the country. The move also comes as the Malaysian government is looking to regulate the cryptocurrency industry.
The announcement of Binance’s availability in Malaysia is sure to be welcomed by the country’s cryptocurrency community. The exchange provides a much needed platform for Malaysians to trade cryptocurrencies in a safe and secure environment.
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