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.

AccessTimeIconJun 18, 2018 at 5:00 p.m. UTC
Updated Sep 13, 2021 at 8:04 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

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.

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

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.