Security Tokens Trading Platform | Binance & Malta Stock Exchange MOU


Security Tokens Trading Platform

The subsidiary of the Malta Stock Exchange, MSX PLC, has signed a Memorandum of Understanding (MOU) with crypto exchange Binance. The pair will launch a new Security Tokens Trading Platform.

According to a press release from today, the new trading platform will benefit from the two bodies in two ways:

 – From the Malta Stock Exchange’s “26-year track record of operating as a regulated stock exchange,” 

 – From the international reach of Binance’s business model.

Security Tokens Trading Platform

And it’s precisely this business model which makes Binance the biggest crypto exchange in the world.

It holds the coveted title as, at its height, it had a 24-hour trading volume of $2.2 billion. But on an average day, it has a median trading volume of $1.45 billion, according to coinmarketcap.com.

Earlier this year the exchange opened in Uganda and it also moved to the notoriously crypto-strict South Korea.

But Malta presents bigger opportunities for the exchange. Binance has been growing its footprint in Malta over the last year and Malta isn’t dubbed the “Blockchain Island” for no good reason. The country holds a pro-crypto stance and along with regulations which offer favorable conditions for cryptocurrency and blockchain businesses.

Binance CEO Changpeng Zhao, has spoken on the partnership with MSX, saying:

“Malta […] has become a global hub for blockchain technology through active and transparent crypto regulations. This partnership will allow Binance and MSX to host traditional financial assets on blockchain technology through security tokens.”

Joe Portelli, the chairman of the Malta Stock Exchange, expressed how the new venture opened a “new market opportunity [to] develop and push the boundaries of the Maltese financial sector.”

>>Crypto Daily News: OKEx Founder Arrested by Shanghai Police and Man Lost Life Savings When Bitcoin (BTC) Crashed

Crypto Developments Mean Infrastructure For Malta

The Maltese Government is keen to take advantage of the developments new business brings to its country. Its infrastructure will be greatly improved by encouraging blockchain and crypto business to move to its shores. 

Currently, digital innovation and road infrastructure are at the top of the to-do list for parliament.

Featured Image: Deposit Photos/PromesaStudio

If You Liked This Article Click To Share


Like it? Share with your friends!

864
22156 shares, 864 points

What's Your Reaction?

Fake Fake
0
Fake
Epic Epic
0
Epic
Dislike
0
Dislike
Like Like
0
Like

Comments 0

Your email address will not be published. Required fields are marked *

Security Tokens Trading Platform | Binance & Malta Stock Exchange MOU

MainStreet Econ

Join the MSE Community

reset password

Back to
MainStreet Econ
Choose A Format
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Open List
Open List
Ranked List
Ranked List
Video
Youtube, Vimeo or Vine Embeds
Image
Photo or GIF
Gif
GIF format

Send this to a friend