Share this article
Binance Backs Malta Stock Exchange's Startup Accelerator
The Malta Stock Exchange announced today that Binance is backing the exchange's newly launched program to support fintech startups and entrepreneurs.
By Muyao Shen
Updated Sep 13, 2021, 8:04 a.m. Published Jun 18, 2018, 5:00 p.m.
Make us preferred on Google
The Malta Stock Exchange announced today that Binance, one of the world's leading cryptocurrency exchanges, is backing its newly launched program to support fintech startups and entrepreneurs.
Known as a tiny archipelago between Sicily and the North African coast, Malta, along with several other microstates including Bermuda, Liechtenstein, Gibraltar and San Marino, have joined the race in the recent years to attract blockchain and crypto businesses.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The MSX Fintech Accelerator is aimed at creating an ecosystem to nurture and support crypto startups and entrepreneurs, according to the Malta Stock Exchange's announcement. The accelerator offers professional business services like in-house accounting, payroll, and office space. Besides Binance, the stock exchange has added Thomson Reuters to its list of mentor organizations.
Joseph Portelli, the chairman of the Malta Stock Exchange, said that the program has guaranteed "easy access" for both domestic and foreign businesses.
"It is clear that Malta is becoming a fintech and blockchain center of excellence," Portelli added, following the announcement of the partnership.
The exchange's official Twitter account tweeted this morning that it will be accepting up to 12 Fintech startups to utilize the facilities in the newly-established program.
"We moved our operations to Malta precisely because it has demonstrated its progressive approach to supporting and developing the crypto and blockchain industry. Malta is creating a safe and legislated environment for the industry to become reputable, attracting companies like ours and many others," Binance said in a statement.
Image via Shutterstock
Más para ti
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
Lo que debes saber:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
Más para ti
Bitcoin tumbles to 2026 low of $85,200 as gold reverses big gains, Microsoft leads Nasdaq lower
Soaring to $5,600 at one point earlier on Thursday, gold quickly pulled back to below the $5,200 level in U.S. morning trade.
Lo que debes saber:
- Already sitting on overnight losses, bitcoin's decline accelerated in U.S. morning trade, with the price falling back to $85,200, a new low for 2026.
- The quick selloff came amid a reversal in gold’s breathtaking rally, which had sent the yellow metal soaring above $5,600 at one point Thursday before quickly falling back to $5,200.
- The Nasdaq was also sharply lower, falling 1.5%, as Microsoft declined more than 11% following its fourth-quarter earnings report.
