Binance, the world’s largest cryptocurrency exchange continues to make headlines, with the firm recently extending support to the Malta Stock Exchange for their latest Accelerator Program.
Another Big Move by Binance
One has to commend any cryptocurrency service provider that tries to make a positive impact within the global financial sector and Binance is clearly leading the charge in this regard.
To put this into perspective, Binance is making its mark on the Maltese economy by not only creating dozens of jobs but by also backing a new startup accelerator scheme that has been launched by the Malta Stock Exchange. This move further bridges the gap between cryptocurrency and traditional finance.
In relation to the aforementioned developments, Malta Stock Exchange Chairman Joseph Portelli had the following comments:
“It is clear that Malta is becoming a Fintech and blockchain centre of excellence and we want to allow local and foreign companies the ability to bring their ideas to the market faster. This programme offers foreign entrepreneurs easy access to a readymade solution at one of Malta’s most prestigious addresses – the Malta Stock Exchange.”
The new accelerator program will aim to support both fintech and cryptocurrency startups. Projects will receive proper mentoring to compete with rivals from all over the world and will even be able to avail of various facilities including in-house accounting and payroll services.
With this latest move, Binance has shown that the financial sector and cryptocurrency industry don’t need to be at odds with one another. Slowly but surely, the financial sector is showing a newfound respect for cryptocurrency.
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