Although a conducive environment for the cryptocurrency market, other crypto-friendly nations like Malta, South Korea, Japan and Switzerland are far ahead of Singapore in terms of crypto market growth.
This may be the motivation for Upbit extending to Singapore as the CEO of the new Upbit office Alex Kim, said the country has “openly” accepted blockchain technology and cryptocurrency, making it ideal for investors in the sector to explore many different areas of business.
Binance and Bittrex’s decision to integrate the Singaporean Dollar is not coming as a surprise since they have just announced their intention to integrate fiat currencies in their exchange lists. It seems like the Singaporean market will be attracting more exchanges with this development.
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