Company MSX PLC, daughter of the Stock exchange of Malta, working with digital assets, has signed a Memorandum of understanding (MOU) with the crypto currency exchange Binance. Under the agreement, the companies will jointly open trading platform for tokens equal to the securities.
In a public statement issued Monday, said that the new trading platform will combine the experience of the stock exchange, who worked in Malta for about 26 years, and the business model Binance, characterized by dynamism and focus to the international market.
In spring the Hong Kong stock exchange announced the opening of offices in Malta that wish to exchange digital currency for Fiat. In fact, the company moved the business to another jurisdiction, finding the country an ideal place for doing cryptocurrency activities. Malta is really one of the most progressive States in respect of kriptonyte: she became the first country to adopt comprehensive legislation on the block chain and resideing registries. For this reason, many members of the crypto community called the country the “island of the blockchain”.
“Malta has become an international center for the blockchain technology, as a result of strong and transparent legal regulation. The partnership between the Binance and MSX will allow us to translate traditional financial assets on the blockchain using security tokens”, — said the head of the Binance CEO, Chanpen Zhao (Changpeng Zhao).
Today Binance occupies the first place in a rating of the cryptocurrency exchanges by daily trading volumes: at the time of publication of news it is $878 million. In July, in an interview with reporters Zhao said that, according to preliminary estimates, the company’s profit for the year 2018 will be $1 billion.
In addition, the exchange is actively investing in various crypto-currency and blockchain projects. So in August Binance bought Ethereum-wallet Wallet Trust, and in July bought a five percent stake being built in a decentralized Bank. Also in the summer exchange told about the plans to open a blockchain charitable Fund, whose tasks will include the promotion of the blockchain, the establishment of a working group on regional issues related to technology and implementation of projects on a distributed registry.
