Binance Exchange Has Greatly Increased Malta’s Cryptocurrency Trading Volumes

Binance Exchange Has Greatly Increased Malta’s Cryptocurrency Trading Volumes

cryptocurrency exchange News
April 30, 2018 by Sandra Onyeiwu
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Binance Exchange Has Greatly Increased Malta’s Cryptocurrency Trading Volumes Morgan Stanley, the financial services company based in the United States, has gained great recognition in its research based on investment business. An analyst and her team working for Morgan Stanley sent a note to customers this week, discussing cryptocurrency exchanges around the world. Investment bank
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Binance Exchange Has Greatly Increased Malta’s Cryptocurrency Trading Volumes
Morgan Stanley, the financial services company based in the United States, has gained great recognition in its research based on investment business.

An analyst and her team working for Morgan Stanley sent a note to customers this week, discussing cryptocurrency exchanges around the world.

Investment bank research shows that the majority of volumes circulate, at least nominally, through Malta. It’s a big part of Binance, one of the largest crypto exchanges in the world, has recently announced its intention to move its head office to the small European island.

Binance, which is currently registered in Hong Kong, announced that it was moving away from Asia due to stricter regulation, especially from Japan. The third largest exchange, OKex, also recently announced that it would be opening an office in Malta as the government markets itself as ‘Blockchain Island’.
Shah says:

“The largest exchange called Binance announced intentions to set up headquarters there, so if we take that company out, Malta would be much further down the list.”

While Malta is dominated by volumes, the United Kingdom has the largest number of stock exchanges, the United Kingdom accounts for 1% of global trading volumes, notes Morgan Stanley.
Shah and team added to their research:

“Governments are having to consider their regulatory stance quickly, as the swiftly advancing cryptocurreny and blockchain industry can have vast economic benefits for a particular country through the creation of start-ups, research and development and financial transactions.”


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