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”.
ZB.com is going to launch an Exchange in Malta
ZB.com is going to set 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 the Binance, OKEx, and DQR, who have also set up their offices in Malta.
Presently, the firm is looking forward, to begin with, ‘crypto-to-crypto’ operation, and later it plans to offer a ‘fiat-to-crypto’ exchange in Malta. This is the third exchange which will be providing such operations after Binance and BitPay.
Jimmy Zhao, who is the co-founder of ZB.com acclaimed that Malta is the world’s fastest growing and forward thinking country in terms of crypto, DLT, and Fintech. He also stated that they are enthusiastic to be a part of Blockchain Island. Further, he added, “We are confident we will be able to announce our live operations soon.”
Presently, various other nations are struggling to adopt the cryptocurrency. While the VFA Act in Malta has formed an appropriate environment for various global cryptocurrencies and fintech companies. Some of the firms include OKex and Binance. Regardless of the fact that the country is less strict about cryptocurrencies, there is no real exchange which has started operating fully on the Island as the laws are in the consultation stage. These laws will be applicable from October 1, 2018.
ZB.com was invited by Maltese Government
Zhao has been invited to Malta by some local partners and has also obtained the opportunity to meet some officials of the government to talk regarding their crypto business. He said that the Maltese government has made a commitment for developing and supporting the crypto ecosystem.
ZB.com daily trading volume is anticipated to be about $400 million, as per Coinmarketcap data. The proprietary technology behind ZB.com offers support to some of the top exchanges like EXX.com.