ZB.com will set up its operations in Europe with the launch of a new exchange in Malta. The company, which is the world’s 5th largest cryptocurrency exchange by traded value, will open an office in St Julian’s, a bustling business centre in the heart of Malta. Earlier this week Malta’s Jr Minister for Financial Services, Digital Economy and Innovation in the Office of the Prime Minister tweeted the news and welcomed the new exchange.
The company will initially start out as a ‘crypto-to-crypto’ style operation, and will eventually look to offer a ‘fiat-to-crypto exchange’ on the European island nation.
“Malta is perhaps the world’s most progressive and forward-thinking nation in DLT, crypto and Fintech, and we are very excited to be part of the Blockchain Island”, co-founder Jimmy Zhao said.
“We are confident we will be able to announce our live operations soon”, he continued.
While other nations wrangle over their stance on cryptocurrency exchanges and ICOs, the VFA Act in Malta has provided confidence and peace of mind to a raft of international cryptocurrency and fintech businesses, including Binance and Okex.
Zhao said he had recently been invited to Malta by his local partners and met with the Maltese government to discuss their crypto exchange operations. “You quickly realize Malta’s commitment to building and supporting the crypto ecosystem”.
ZB.com is the 5th largest exchange in the world by trade volumes according to Coinmarketcap.com, trading around $400m daily. The proprietary technology behind ZB.com also supports several other top-tier exchanges such as EXX.com
The leading exchange is exhibiting at the Malta Blockchain Summit, and the Delta Summit punctuating their arrival to the Blockchain Island.