By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
NFTStudio24 | Latest and Upcoming NFT News, Press Releases, Reviews, and Others.NFTStudio24 | Latest and Upcoming NFT News, Press Releases, Reviews, and Others.
  • HOME
  • NEWS
    • LATEST NFT NEWS
    • BITCOIN NEWS
    • ETHEREUM NEWS
    • BLOCKCHAIN NEWS
    • ALTCOINS NEWS
  • NFT Collection
    • RARITY TOOL BY NFTStudio24
    • UPComing NFT
    • NFT EXPLORE
  • NFT STORIES
  • PRESS RELEASE
Search
  • About us
  • Advertise with us
  • Contact us
© 2022 NFTStudio24.com News Network. All Rights Reserved.
Reading: Binance Singapore Announced To Close Its Trading Operations In Singapore.
Share
Sign In
0

No products in the cart.

Notification Show More
Latest News
Facebook to introduce NFTs
Facebook to introduce NFTs: will the new update push the NFT market up?
July 2, 2022
90s-themed metaverse game
Raregotchi: All you need to know about the ’90s-themed metaverse game
July 2, 2022
NFT Market is on the edge of a cliff as sales volume drop below $1B
NFT Market is on the edge of a cliff as sales volume drop below $1B
July 2, 2022
Voxels to hold a series of grandiose events at Vox Empire
Voxels to hold a series of grandiose events at Vox Empire
July 1, 2022
TIME is building a Time Square in The Sandbox metaverse
TIME is building a Time Square in The Sandbox metaverse
July 1, 2022
Aa
NFTStudio24 | Latest and Upcoming NFT News, Press Releases, Reviews, and Others.NFTStudio24 | Latest and Upcoming NFT News, Press Releases, Reviews, and Others.
Aa
Search
  • HOME
  • NEWS
    • LATEST NFT NEWS
    • BITCOIN NEWS
    • ETHEREUM NEWS
    • BLOCKCHAIN NEWS
    • ALTCOINS NEWS
  • NFT Collection
    • RARITY TOOL BY NFTStudio24
    • UPComing NFT
    • NFT EXPLORE
  • NFT STORIES
  • PRESS RELEASE
Have an existing account? Sign In
Follow US
  • About us
  • Advertise with us
  • Contact us
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
HOME > Crypto and NFT NEWS > Binance Singapore Announced To Close Its Trading Operations In Singapore.
Crypto and NFT NEWSEXCHANGES

Binance Singapore Announced To Close Its Trading Operations In Singapore.

news room
news room December 14, 2021 61 Views 4 Min Read
Updated 2022/02/21 at 7:08 PM
Share
4 Min Read
Binance Singapore announced to close its trading operations in Singapore.
SHARE

Binance Singapore submitted its request for approval of licenses for crypto exchange. But got no response, and now finally decided to shut down all cryptocurrency operations from Singapore. And announced that the Binance Singapore Company will be no longer provide its services to Singaporeans.

Contents
When Will Binance Singapore Completely Close Its Services?Now, What Will Binance Singapore Users Do?Words by chief executive Officer, Binance. sg:Monetary Authority Of Singapore (MAS):Latest Investment Deal of Binance. Sg with Hg Exchange (HGX):BINANCE CO-Founder And CEO Opinion:
Binance

Binance Singapore announced to close its trading operations in Singapore.

Binance Singapore has revealed that they will entirely close their trading services till 2022. They took this decision due to the local regulatory issues.

When Will Binance Singapore Completely Close Its Services?

Binance. sg pulled back their license request for running their crypto exchange. And will entirely close their services till Feb.13, 2022.

Now, What Will Binance Singapore Users Do?

Shutting the BINANCESingapore platform doesn’t mean that the users will lose all their digital assets and data.

The company has decided to inform all its users by sending them emails. All the guidelines will be briefly elaborated in the email for their customers.

Words by chief executive Officer, Binance. sg:

At this event, the company’s Chief executive, Richard Teng, says:

“We always prioritize our users first, so our decision to close Binance. Sg was not taken lightly.

“Our first priority is to help our users in Singapore transition their holding to other wallets or other third party services.”

Monetary Authority Of Singapore (MAS):

The company stands amongst around the 170 companies in Singapore. Those had already applied to the MAS to issue a license for running their crypto services.

However, the company was running under the temporary privilege of license accepting procedure.

In addition to this, the company said that its operations in the city-state will become a hub of blockchain innovation. Their initiatives like incubation programs, blockchain education, and investment are currently running.

Latest Investment Deal of Binance. Sg with Hg Exchange (HGX):

Last week, The company also finalized an investment deal with Hg exchange (A regional private securities exchange). The deal will be related to the regulatory requirements.

 Also, In this deal, The Binance. sg will get a post-money stake of 18% in a Singaporean Hg Exchange. This Singaporean( HGX) exchange had received a Recognized Market Operator license by MAS earlier in 2021.

BINANCE CO-Founder And CEO Opinion:

 Changpeng Zhao is the Co-founder And CEO of The Binance Company. He is also known as CZ. He posted on his Twitter lately after their Hg exchange (HGX) deal.

 The investment in Hg Exchange contributed to their decision to pull back their request for the license.

Currently, Binance. sg has no official headquarters. However, the co-founder said they had decided the location for their headquarters. And all the details will be revealed soon, Reports by credible sources.

However, the Binance main trading platform has recorded high scale performance in trading volume. According to statistics, The daily average trading volume of the main BINANCE platform is $2 billion, and more than 1.4 million transactions per transaction.

If you have really enjoyed reading our news. Then you should dare to leave comments and your feedback in the comment sections. And please share our news in your circles to help us grow.

As well, you can connect with us on our NFT based community on our social media accounts on Instagram, Facebook, and Twitter. Feel free to share your thoughts, and comments with us.

Disclaimer: We are not experts or financial advisors. Kindly, take your decisions at your own risk. As crypto investment contains risk. And our aim is to keep you aware of the current cryptocurrencies, and NFTs headlines. 

- SUBMIT YOUR PRESS RELEASE -
Ad imageAd image

Don’t miss the Important NFT Drops

Are you tired of missing important NFT drops?

  • Just check out our NFT Collection page! Click here
  • For Upcoming NFTs projects, Click here

You Might Also Like

NFT Market is on the edge of a cliff as sales volume drop below $1B

Raregotchi: All you need to know about the ’90s-themed metaverse game

Facebook to introduce NFTs: will the new update push the NFT market up?

Voxels to hold a series of grandiose events at Vox Empire

TIME is building a Time Square in The Sandbox metaverse

Sign Up For Daily NFT Drops

Don't miss the next NFT drops!!!

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
news room December 14, 2021
Share this Article
Facebook TwitterEmail Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article u-Yuvraj Singh NFT collection U-Yuvraj Singh NFT Collection – Good News For Yuvi’s Fans.
Next Article Bulls on the block Everything You Need to Know About Bulls on the Block NFTs collection

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

Facebook to introduce NFTs
Facebook to introduce NFTs: will the new update push the NFT market up?
Crypto and NFT NEWS LATEST NFT NEWS July 2, 2022
90s-themed metaverse game
Raregotchi: All you need to know about the ’90s-themed metaverse game
Crypto and NFT NEWS LATEST NFT NEWS July 2, 2022
NFT Market is on the edge of a cliff as sales volume drop below $1B
NFT Market is on the edge of a cliff as sales volume drop below $1B
Crypto and NFT NEWS LATEST NFT NEWS July 2, 2022
- Career -
Ad imageAd image

You Might also Like

NFT Market is on the edge of a cliff as sales volume drop below $1B
Crypto and NFT NEWSLATEST NFT NEWS

NFT Market is on the edge of a cliff as sales volume drop below $1B

July 2, 2022
90s-themed metaverse game
Crypto and NFT NEWSLATEST NFT NEWS

Raregotchi: All you need to know about the ’90s-themed metaverse game

July 2, 2022
Facebook to introduce NFTs
Crypto and NFT NEWSLATEST NFT NEWS

Facebook to introduce NFTs: will the new update push the NFT market up?

July 2, 2022
Voxels to hold a series of grandiose events at Vox Empire
Crypto and NFT NEWSLATEST NFT NEWS

Voxels to hold a series of grandiose events at Vox Empire

July 1, 2022
//

NFTStudio24 delivers the latest NFT news to its global audience. We are committed to reporting mainstream and emerging talent via exclusive press releases, podcast interviews, NFT rankings, and much more.

Recent Posts

  • Facebook to introduce NFTs: will the new update push the NFT market up?
  • Raregotchi: All you need to know about the ’90s-themed metaverse game
  • NFT Market is on the edge of a cliff as sales volume drop below $1B
  • Voxels to hold a series of grandiose events at Vox Empire
  • TIME is building a Time Square in The Sandbox metaverse

Experts Alliance

  • Experts Alliance
  • About Alliance
  • Alliance Benefits
  • Membership requirements
  • Apply Alliance

Quick Link

  • ABOUT US
  • CAREER
  • CONTACT US
//

Subscribe to our newsletter to get our newest articles instantly!

NFTStudio24 | Latest and Upcoming NFT News, Press Releases, Reviews, and Others.NFTStudio24 | Latest and Upcoming NFT News, Press Releases, Reviews, and Others.
Follow US

© 2022 NFTStudio24.com News Network. All Rights Reserved.

  • bitcoinBitcoin(BTC)$19,289.44-0.19%
  • ethereumEthereum(ETH)$1,056.500.38%
  • tetherTether(USDT)$1.000.33%
  • usd-coinUSD Coin(USDC)$1.000.19%
  • binancecoinBNB(BNB)$216.64-0.16%
  • Binance USDBinance USD(BUSD)$1.00-0.04%
  • cardanoCardano(ADA)$0.4518660.92%
  • rippleXRP(XRP)$0.314415-0.08%
  • SolanaSolana(SOL)$33.092.38%
  • dogecoinDogecoin(DOGE)$0.0673232.98%
  • polkadotPolkadot(DOT)$6.821.52%
  • daiDai(DAI)$1.000.16%
  • tronTRON(TRX)$0.0652550.39%
  • Shiba InuShiba Inu(SHIB)$0.0000100.97%
  • leo-tokenLEO Token(LEO)$5.74-4.10%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$19,290.57-0.08%
  • AvalancheAvalanche(AVAX)$16.371.67%
  • Lido Staked EtherLido Staked Ether(STETH)$1,016.050.34%
  • matic-networkPolygon(MATIC)$0.4739572.56%
  • litecoinLitecoin(LTC)$50.41-0.89%
  • FTXFTX(FTT)$24.48-0.03%
  • OKBOKB(OKB)$12.110.26%
  • chainlinkChainlink(LINK)$6.192.61%
  • CronosCronos(CRO)$0.112503-0.65%
  • stellarStellar(XLM)$0.108225-1.15%
  • NEAR ProtocolNEAR Protocol(NEAR)$3.320.75%
  • cosmosCosmos Hub(ATOM)$8.127.55%
  • UniswapUniswap(UNI)$4.983.27%
  • moneroMonero(XMR)$116.803.32%
  • algorandAlgorand(ALGO)$0.3056170.10%
  • ethereum-classicEthereum Classic(ETC)$14.781.78%
  • bitcoin-cashBitcoin Cash(BCH)$103.433.03%
  • Theta FuelTheta Fuel(TFUEL)$0.0493794.13%
  • ChainChain(XCN)$0.0838301.68%
  • vechainVeChain(VET)$0.0222770.50%
  • FlowFlow(FLOW)$1.523.20%
  • FraxFrax(FRAX)$1.00-0.15%
  • ApeCoinApeCoin(APE)$4.511.67%
  • HederaHedera(HBAR)$0.0626410.71%
  • The SandboxThe Sandbox(SAND)$1.05-3.38%
  • tezosTezos(XTZ)$1.456.41%
  • Internet ComputerInternet Computer(ICP)$5.261.30%
  • decentralandDecentraland(MANA)$0.83-1.94%
  • true-usdTrueUSD(TUSD)$1.000.21%
  • filecoinFilecoin(FIL)$5.320.05%
  • theta-tokenTheta Network(THETA)$1.171.12%
  • Axie InfinityAxie Infinity(AXS)$13.86-0.51%
  • ElrondElrond(EGLD)$50.18-0.86%
  • bitcoin-cash-svBitcoin SV(BSV)$53.203.04%
  • HeliumHelium(HNT)$9.10-0.52%
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?