Binance CEO CZ Hints at Creation of Fiat-to-Crypto Exchange in Argentina

CEO of cryptocurrency exchange Binance, Changpeng Zhao, has hinted at the creation of a new fiat-to-crypto exchange in Argentina in a tweet sent on March 9.

The tweet was in reply to a piece published by crypto news website CoinSpice. The article in question concerned the agreement between the government of Argentina with Binance Labs, the exchange’s investment and social impact arm, to co-invest in blockchain projects that are backed by the exchange.

Zhao’s comment contained in the tweet apparently suggested that Binance has plans to establish a fiat-to-cryptocurrency exchange in Argentina. More precisely, the tweet stated:

“Guess where we will have a new fiat-to-crypto exchange?”

As Cointelegraph reported in January, following reports that Binance planned to launch fiat-to-crypto exchanges in eight more countries — one of which was Argentina — a spokesperson of the exchange declined to confirm six of the alleged locations, only affirming plans for Singapore and Malta.

Also in January, the exchange had added support for credit card crypto purchases through its partnership with payment processor Simplex.

More recently, exchange and social network for investors and traders eToro launched its cryptocurrency trading services in the United States. The exchange, which reportedly has over 10 million users, will start facilitating the trade of 13 unspecified crypto assets and release a cryptocurrency multisignature wallet to customers in 32 U.S. states and territories.