Binance CEO Changpeng Zhao Latest tweet has hinted at the creation of a new Fiat-to-Crypto exchange in Argentina.
On March 9 Binance CEO Changpeng Zhao sent a tweet in response to an article published by crypto news portal CoinSpice. The CoinSpice article is based on the recent agreement between Binance Labs and the Government of Argentina for investment in various Blockchain based projects backed by Binance.
Binance Labs, the research and investment arm of cryptocurrency exchange Binance, has recently chosen Buenos Aires, the Capital of Argentina as the Latin American hub of the Binance Labs Incubation Program.
After the recent tweet from CZ, the speculations are on rising about Binance opening its second Fiat-to-Crypto Exchange in Argentina.
It is worth noting that Changpeng Zhao led Binance has recently added support for Crypto purchase through credit card in partnership with Simplex followed by test-net Launch of Binance's much-awaited Binance Dex platform for the public testing.
If Speculations are to be belived this will be Binance's second Fiat-to-Crypto Exchange after Binance Jersey.
Biance on Jan 15th 2019 announced the launch of its first Fiat-to-Crypto exchange called Binance Jersey (Binance.je), Binance Jersey mainly focuse secure and reliable Fiat-to-Crypto trading of the Euro (EUR) and British Pound (GBP) with Bitcoin (BTC) and Ethereum (ETH) in Europe and the U.K. Binance believes Jersey will be a major driving force of increasing cryptocurrency use in the European market.