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As you may have read in the last few weeks, we are rolling out a new post series for our Premium readers. It will feature recurring updates on the state of Asia Cryptocurrency and Blockchain. We have come up with 4 high-level topics, and every week we will be writing about one of these topics, and rotating through them in the following order.
- China (with commentary on recent regulatory trends, media sentiment, and touching on exchanges and company developments)
- Asia Countries ex-China (with commentary on regulations, media sentiments, crypto projects, exchanges, and company developments)
- Exchanges And Mining (
Binance, Huobi, Upbit, Bitmain, Canaan, etc)
- Crypto Projects and Funding Trends
Check out our previous pieces on China, Japan, Korea, Singapore, etc. This week, we are discussing Exchanges, specifically the Asian exchanges –
So many things have happened in the exchange world this past month. Since this is the first of our first monthly series on the topic, we are providing a deep-dive into Exchanges
We also recently saw great reception with our Quick Guide to Asia Market Entry – China, Korea, Japan, Singapore post, and we’ve shared a spreadsheet detailing the data here.
Check it out and let us know if it’s helpful for you. Thank you for reading.
This is part 1 of the 2 of the update this week, and we will be discussing
The Quick Take
What’s been happening:
-In the last month, Binance has accepted a strategic investment from Vertex Ventures, a leading venture capital network backed by LPs like Temasek Holdings, a Singaporean holding company owned by the Government of Singapore.
-Additionally, the company just announced that they are holding their first own
-Another announcement was that
-Another advance is
What’s this all means:
Now, we’ve listed all these announcements and launches, what does this all means?
First and foremost,
While Malta has indeed been a home for
If you understand what Singapore wants, which I’ve written last week in my country-specific updates, here are some highlights:
Singapore historically has not been a technology-focused country. In the past, it has been an active financial hub in Asia, and it looks to continue to do so by focusing on 3 things in Crypto:
- Providing the most transparent and detailed regulations around ICOs and cryptocurrencies for companies to operate around
- Investing its government funds into Blockchain technology
- Building in-house blockchain technology or with a partner to improve its financial hub platform in efficiency and performance
Singapore has already shown that they are able to achieve 1, and they are doing 2 by investing in
If you are interested in reading more, checkout in more detail of what Singapore regulators have been doing and our thoughts there. Given that trading continues to be one of the most thriving business in this space, we are going to see disproportional growth in
Now with one of CZ biggest concerns resolved as
CZ has also started focusing on bigger things beyond Binance DEX. The
Here is some evidence that points to why BNB will become the
Additionally, over the last year,
And as part of
Lastly, on the
It is only a matter of time when those regulators will demand company data. And if
What will happen in the next 6 month will be interesting to
In the second part of this series, we’ll be discussing OKEx and Huobi and the exchanges in Korea and Japan.