Exchanges • October 15, 2018, 12:58PM EDT
UPDATED: October 15, 2018, 1:02PM EDT

Binance launched its first fiat crypto exchange in Uganda

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The Block

Four months after announcing the exchange's first fiat-to-crypto exchange, Binance has officially launched it today. Deposits for Ugandan Shillings, country's local currency, will open on October 17. Initially, Binance Uganda will only offer bitcoin and ether pairs but plans to add more pairs in the future. 

Binance also plans to launch additional fiat-to-crypto exchanges starting in Liechtenstein and Singapore. Additionally, Binance is also expected to allow fiat deposits and withdrawals through a bank account in Malta although the timing is not immediately clear. (Source: Binance)