Singapore Embraces the Crypto World With Binance and Gemini

Singapore opens its doors to the crypto world.
Gemini celebrated its first anniversary in the country.

The country of Singapore continues to open its doors to the crypto world. In fact, the biggest names in the crypto industry are now starting to move in the country. For instance, the Gemini exchange, a crypto exchange founded by the Winklevoss twins, had just celebrated its one year anniversary in Singapore.

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Jeremy Ng, the head of Gemini Asia Pacific, explained:

“Anchored by support for the Singapore dollar (SGD), we are thrilled to see the continued expansion of our regional headquarters as Gemini becomes a leader in the APAC crypto landscape.”

Moreover, the Binance exchange executive, Changpeng Zhao (CZ) also plans to move to the country. This movement of CZ is probably due to the left and right restrictions made by some countries globally to Binance.

On the other hand, El Salvador is also a country like Singapore with very friendly crypto regulations. In fact, more companies around the world are now getting interested in moving or establishing a business in the country. For example, Kuvacash, a blockchain payment firm, chooses El Salvador as its Latin American hub.

In other news, Cardano dominates the eToro trading platform. Specifically, as of the second quarter of 2021, crypto holders on eToro are presently holding more Cardano than Bitcoin.