ZBX to launch its Crypto Operations in Malta

Now, another crypto exchange is joining the growing list of Blockchain and Crypto companies opening in Malta. This popular exchange is joining various other exchanges and crypto firms which are based in Malta. Malta is considered to be “the Blockchain Island”.

ZBX is going to set up its operations in Europe by developing a new exchange in Malta. Presently, it is the fifth largest crypto exchange in the world in terms of trade value. The exchange’s aim is to open its offices in St. Julian, the city which is considered to be the center of attraction for all businesses in Malta. The firm has made the announcement just after Binance, OKX, and DQR, who have also set up their offices in Malta.

Presently, the firm is looking forward to, to begin with, a ‘crypto-to-crypto’ operation, and later it plans to offer a ‘fiat-to-crypto’ exchange in Malta. This is the third exchange that will be providing such operations after Binance and BitPay.

Malta has emerged as the fastest-growing country in terms of the acceptance and adoption of cryptocurrency, DLT, and Fintech. Any platform that goes to the region feels rather more confident of taking its operations live at the earliest.

Presently, various other nations are struggling to adopt cryptocurrency. The VFA Act in Malta has formed an appropriate environment for various global cryptocurrencies and fintech companies. Some of the firms include OKXand Binance. Regardless of the fact that the country is less strict about cryptocurrencies, there is no real exchange that has started operating fully on the Island as the laws are in the consultation stage. These laws will be applicable from October 1, 2018.

The platform had the opportunity of meeting government officials of Malta to talk details about the crypto business. The digital ecosystem seeks the commitment and support of all the parties involved starting with the local governments. The Maltese Government has shown its interest in developing and supporting the crypto ecosystem, which now evidences the fact that the sphere can take off from the launching pad.

ZBX’s daily trading volume is anticipated to be about $400 million, as per CoinMarketCap data. The proprietary technology behind ZBX offers support to some of the top exchanges like EXX.com.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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