Breaking: Suspends Spot Trading And Fiat Channels In Singapore
The platform aims to offer one new coin per month in 2019, and maybe even in the following years. All three token sales were extremely successful, not one of them lasting more than 18 minutes. Binance then expanded its usefulness by bringing back Binance Launchpad — a platform which holds token sales. It already held BitTorrent (BTT) token sale on January 28th, Fetch.AI (FET) token sale on February 25th, and Celer Network (CELR) token sale on March 19th.
When such a trustworthy service launches its own token, it is hardly surprising that the coin holds real value. This means that the exchange inspires trust among its users, whose numbers still continue to grow regularly.
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However, it still managed to achieve what many believed was impossible — it stopped following Bitcoin’s lead, and it started carving its own path. Binance Coin (BNB) is one of the most interesting cryptocurrencies at the market right now. The coin was developed by the largest crypto exchange by trading volume in the world, and it only works within the exchange’s ecosystem.
The suspension would come into effect from 26th October. The exchange in its official press release said, Binance.com, the global cryptocurrency exchange platfrom announced the suspension of spot trading, fiat purchase channels, liquid swap, and fiat deposit functions. The exchange also requested Singapore users to withdraw their tokens and cease their trades by the effective date.
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