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Binance CEO Hints at Major Expansion With New Crypto Exchange Featuring Bitcoin and Ethereum

March 11, 2019

Binance CEO Changpeng Zhao is dropping a big hint on the location of the company’s next fiat-to-crypto exchange.

In response to a tweet about a new agreement between Argentina and Binance Labs, the company’s venture capital arm, Zhao posted a thigh-high pic suggesting his team is ready to tango.

Guess where we will have a new fiat-to-crypto exchange?? https://t.co/li8NAUBMUw

— CZ ? BNB (@cz_binance) March 9, 2019

Binance plans to launch crypto-to-fiat exchanges in several countries in 2019, including Malta and Singapore. The company launched its first fiat-to-crypto exchange in Uganda back in October. In January, it launched its European-focused fiat-to-crypto trading platform in Jersey, pairing Bitcoin and Ethereum with the euro and British pound.

Meanwhile, Binance says a separate partnership with Argentina’s government is official. Argentina will support up to 10 blockchain projects in the year by matching Binance investments up to $50,000.

Argentina government 1:1 match our investments for blockchain projects. Kudos to Argentina! Adoption! https://t.co/yBhKm1pJNQ

— CZ ? BNB (@cz_binance) March 6, 2019

Binance Labs director Ella Zhang says the collaboration is the latest example of crypto’s growing presence and support in Argentina and Latin America at large.

“Argentina is at the forefront of blockchain adoption and we’ve witnessed how it’s becoming home to some very passionate blockchain communities during our trip there. We are very excited to support blockchain projects, entrepreneurs and developers through our Buenos Aires chapter, to advise and mentor them, to find product-market fit, and provide them with in-time access to global blockchain technology development to solve local problems.”

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