Binance supported the creation of the Maltese crypto-Bank

Team popular exchange of digital assets has decided to invest in the creation of the Maltese Pro-cryptocurrency of the Bank, which is scheduled to open next year. Information about this appeared in CoinDesk.

According to project co-founder Paula Pandolfino currently the exchange has received $10 million investment. Additionally it is planned to attract $30 million in funding. It is known that in addition to Binance the project also invested in hedge Fund Capital and Polychain Czech company Carduus Asset Management.

„Crypto-currencies continue to spread across the world, and for that they need banking services,” so Paula Pandolfino explained the need to create a Pro-cryptocurrency Bank.

Representatives Polychain Capital believe that their investment in the project will allow to solve the problem of service crypto-startups in the banking environment. According to experts, at present, many companies face difficulties in working with traditional financial institutions.

Team Binance, in turn, have also shared their expectations from the investment. According to representatives of stock exchanges, they intend to be the first client of the new Maltese Bank.

It is known that the work on creation of new financial institutions in Malta is based on the experience of investors. As a result, according to the initiative, the new Bank will be able to avoid many mistakes.

We will remind, recently it became known that Binance opened its users access to off-exchange transactions with Fiat.

Author: Vitalik

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