Market Overview

Binance LCX Announces Fiat-to-Crypto Exchange for Crypto Investors


Binance LCX, a joint venture between Binance
and LCX,
is announcing the launch of a fiat-to-crypto exchange in Liechtenstein
today. The experienced team at Binance will provide and maintain the
technology platform, while Binance LCX manages customer support, legal
requirements, due diligence, KYC, AML and government communication.
Binance LCX plans to build up a team of 10-15 people for its
Liechtenstein office and will immediately start the hiring process.

The exchange will offer trading between Swiss Francs (CHF) and Euros
(EUR) against major cryptocurrencies pairs, and add more trading pairs
overtime subject to regulatory approval.

"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," said
Changpeng Zhao, CEO & Founder Binance.

"Professional investors need a reliable fiat channel to invest into
crypto assets," said Monty C. M. Metzger, CEO of LCX. "We are excited to
launch the joint-venture with Binance to establish new standards for the
blockchain industry."

Liechtenstein is the ideal location for Binance LCX to operate as it is
geographically positioned in the heart of Europe and is part of the
European Economic Area (EEA). Furthermore, the strategic location
enables market access and passporting to the rest of Europe.
Liechtenstein will further strengthen its position by introducing the
Blockchain Act Liechtenstein, which provides a comprehensive and
holistic legal structure as a basis for an entire token economy.

"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," said Adrian
Hasler, Prime Minister of Liechtenstein.

About Binance LCX

Binance LCX is a fiat-to-crypto exchange based in Liechtenstein. Binance
LCX is part of Binance's blockchain ecosystem comprised of Exchange,
Labs, Launchpad, Info, Academy and Charity Foundation. Binance is one of
the fastest growing and most popular cryptocurrency exchanges in the
world. The platform focuses on security, robustness, and execution speed
— attracting enthusiasts and professional traders alike.

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