The new trading platform will be located in Liechtenstein and offer trading between Swiss Francs (CHF) and euros (EUR) against major digital currencies pairs, subsequently adding more trading pairs following regulatory approvals.
Binance will provide and support the platform, while Binance LCX will lead customer support, regulatory compliance, and government communication. Adrian Hasler, Prime Minister of Liechtenstein, commented the launch:
“We are confident that Liechtenstein’s existing and future legal framework and practice provide a robust foundation for the Binance LCX and other blockchain companies to provide exceptional services here in Liechtenstein.”
Liechtenstein has taken a friendly and open stance towards cryptocurrencies and blockchain technology, echoing developments in neighbouring Switzerland known for its “Crypto Valley” in the canton of Zug.
Recently, Liechtenstein introduced a new blockchain law which provides legal and regulatory