The joint venture between Binance and LCX will initially offer trading between CHF and EUR against major crypto pairs.
Cryptocurrency exchanges Binance and LCX, through their joint venture Binance LCX, have launched a fiat-to-crypto exchange in Liechtenstein on Thursday. Initially, the exchange will allow investors to trade Swiss Francs (CHF) and Euros (EUR) against major cryptocurrency pairs, with more crosses set to be added in the future following regulatory approval.
According to the statement, Binance will provide and maintain the platform, while Binance LCX will be responsible for managing customer support, legal requirements, due diligence and a range of other duties. The joint venture aims to build a team of up to 15 people in its Liechtenstein office to accomplish this. The firm has started the hiring process, effective immediately, the statement said.
Commenting on the launch of the fiat-to-crypto exchange, Changpeng Zhao, CEO & Founder of Binance, said: “I believe Binance LCX will create a sustainable and reliable fiat-crypto gateway for professional and regular investors alike. I hope Binance LCX will drive new standards for usability and compliance for the Blockchain industry, and we are very excited to bring the relevant experience and best practices to grow our team at Liechtenstein."
Monty C. M. Metzger, the CEO of LCX added: “Professional investors need a reliable fiat channel to invest into crypto assets. We are excited to launch the joint-venture with Binance to establish new standards for the blockchain industry.”
Liechtenstein provides a supportive environment for Binance LCX
Liechtenstein provides a supportive environment for Cryptocurrencies, so it is no wonder Binance and LCX have chosen to launch their joint crypto exchange in the country. Not only is it conveniently positioned geographically, but it is also regulation friendly to the alternative assets. The country plans to introduce the Blockchain Act Liechtenstein. This will give the industry a comprehensive and holistic legal structure, and it will be a basis for an entire token economy.
Adrian Hasler, the Prime Minister of Liechtenstein also spoke on the launch: "we welcome Binance LCX to Liechtenstein. Blockchain technologies are laying the basis for an entirely new industry. We are confident that Liechtenstein's existing and future legal framework and practice provide a robust foundation for the Binance LCX and other Blockchain companies to provide exceptional services here in Liechtenstein.”
Cryptocurrency exchanges Binance and LCX, through their joint venture Binance LCX, have launched a fiat-to-crypto exchange in Liechtenstein on Thursday. Initially, the exchange will allow investors to trade Swiss Francs (CHF) and Euros (EUR) against major cryptocurrency pairs, with more crosses set to be added in the future following regulatory approval.
According to the statement, Binance will provide and maintain the platform, while Binance LCX will be responsible for managing customer support, legal requirements, due diligence and a range of other duties. The joint venture aims to build a team of up to 15 people in its Liechtenstein office to accomplish this. The firm has started the hiring process, effective immediately, the statement said.
Commenting on the launch of the fiat-to-crypto exchange, Changpeng Zhao, CEO & Founder of Binance, said: “I believe Binance LCX will create a sustainable and reliable fiat-crypto gateway for professional and regular investors alike. I hope Binance LCX will drive new standards for usability and compliance for the Blockchain industry, and we are very excited to bring the relevant experience and best practices to grow our team at Liechtenstein."
Monty C. M. Metzger, the CEO of LCX added: “Professional investors need a reliable fiat channel to invest into crypto assets. We are excited to launch the joint-venture with Binance to establish new standards for the blockchain industry.”
Liechtenstein provides a supportive environment for Binance LCX
Liechtenstein provides a supportive environment for Cryptocurrencies, so it is no wonder Binance and LCX have chosen to launch their joint crypto exchange in the country. Not only is it conveniently positioned geographically, but it is also regulation friendly to the alternative assets. The country plans to introduce the Blockchain Act Liechtenstein. This will give the industry a comprehensive and holistic legal structure, and it will be a basis for an entire token economy.
Adrian Hasler, the Prime Minister of Liechtenstein also spoke on the launch: "we welcome Binance LCX to Liechtenstein. Blockchain technologies are laying the basis for an entirely new industry. We are confident that Liechtenstein's existing and future legal framework and practice provide a robust foundation for the Binance LCX and other Blockchain companies to provide exceptional services here in Liechtenstein.”
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
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👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
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