Binance Launches Liechtenstein Fiat-to-Crypto Exchange

Binance, a prominent global cryptocurrency exchange, has partnered with the Liechtenstein Cryptoassets Exchange to introduce Binance LCX, a fiat-to-crypto marketplace based in Liechtenstein.

In a recent press release, it was announced that Binance will develop and maintain the trading platform, while LCX will handle customer support, compliance with legal requirements, due diligence, as well as KYC and AML procedures. Binance LCX will facilitate fiat-to-crypto trading in Swiss francs and euros against major cryptocurrencies. The platform plans to expand its trading pairs upon receiving the necessary regulatory approval.

Changpeng Zhao remarked, “I believe Binance LCX will create a sustainable and reliable fiat-crypto gateway for both professional and regular investors.”