Singapore-based digital asset exchange AlphaBit CryptoCurrency Exchange (ABCC) announced that it would set up an office in Malta in a move aimed at strengthening its presence in Europe.
ABCC follows in the footsteps of Binance and OKex which opened offices on the island earlier this year.
The Malta office will be the first step into the European crypto scene for the trading platform, which has been operational since the end of April.
It currently ranks 11th worldwide in terms of trading volume, according to data from Coinhills.
Furthermore, the exchange has agreed to be an official sponsor of the Blockchain-focused Delta Summit that will be held in St Julian’s on October 3-5.
“We are delighted to announce the opening of our first expansion into Europe and our partnership with Delta Summit. Indeed, we look forward to working closely with the Government of Malta and to support its transition into a digital innovation centre of excellence,” ABCC CEO Calvin Cheng commented.
At present, ABCC offers trading with over 50 virtual coins, BTC, ETH and USDT being the base currencies.