BINANCE SINGAPORE LAUNCHES BUT OFFERS JUST ONE TRADING PAIR, REPORT

Last updated: June 19, 2025, 18:46 | Written by: Joseph Lubin

The highly anticipated launch of Binance Singapore arrived with a whisper rather than a bang.After months of eager waiting, the platform went live, but with a somewhat limited scope, initially offering only a single trading pair.This news, first reported by TechCrunch, highlighted a significant difference compared to the sprawling functionalities of Binance's main exchange. Binance is the world's leading cryptocurrency exchange, catering to over 270 million registered users in over 180 countries. With low fees and over 400 cryptocurrencies to trade, Binance is the preferred exchange to trade Bitcoin, Altcoins, and other virtual assets. With Binance users can:The initial offering restricted users to purchasing Bitcoin (BTC) using Singapore Dollars (SGD), a constraint that naturally dampened the enthusiasm of traders seeking a broader range of cryptocurrency options.While this soft launch presented a streamlined entry point for newcomers to the crypto sphere in Singapore, it also raised questions about Binance's strategic approach to the Singaporean market.The limited trading pair sparked discussions about the platform's long-term goals and the potential for future expansion, leaving users keen to see how Binance planned to broaden its offerings and cater to a more diverse range of trading preferences. This article shares the current list of trading pairs offered on Binance.US. Updated over 3 months ago. Please view our updated Trading Pairs here.The launch also coincided with Binance exploring decentralized trading platforms, showcasing their commitment to innovation in the blockchain space.

The Initial Launch and Limited Functionality

Binance's entry into the Singaporean market was marked by a strategic decision to prioritize simplicity and regulatory compliance.The initial launch focused primarily on facilitating the purchase of Bitcoin (BTC) with Singapore Dollars (SGD).This approach, while restrictive in terms of trading options, allowed Binance to establish a foothold in the market while navigating the complexities of local regulations.

As Binance CFO Wei Zhou stated to Cointelegraph, the launch was a deliberate step to provide a regulated and accessible platform for Singaporean users. Binance Singapore Launches But Offers Just One Trading Pair, ReportThe decision to offer only one trading pair in the beginning allowed the exchange to focus on ensuring a secure and reliable trading environment before gradually expanding its offerings.

Why Only One Trading Pair Initially?

The decision to launch with just one trading pair wasn't arbitrary. See full list on marketswiki.comSeveral factors likely contributed to this approach:

Regulatory Compliance: Singapore has a relatively stringent regulatory environment for cryptocurrency exchanges. Traders usually employ different methods to collect market data across multiple trading pairs. Binance Futures offers several ways to observe market data so you can select a trading pair that alignLaunching with a single, well-established cryptocurrency like Bitcoin allowed Binance to demonstrate compliance and build trust with regulators.
Risk Management: Limiting the initial offerings reduces the risk of market manipulation and other illicit activities.Focusing on a single trading pair simplifies monitoring and enhances security measures.
User Experience: For new users, a platform with too many options can be overwhelming. Analista diz que ApeCoin vai se consolidar antes de grande movimento do pre o Lan ado com um grande hype em torno de si, a ApeCoin (APE) vem lutando para provar que o hype n oStarting with a single, straightforward option makes it easier for newcomers to enter the cryptocurrency market.
Phased Rollout: Binance likely planned a phased rollout, starting with a limited offering and gradually expanding as they gained experience and confidence in the Singaporean market.

Expanding the Trading Options: What's Available Now?

While the initial launch featured only the BTC/SGD trading pair, Binance Singapore has since expanded its offerings. Binance has launched a new cryptocurrency exchange in Singapore after months of anticipation, TechCrunch reported on April 23, albeit with limited features. Users of the platform are only able to purchase bitcoin (BTC) using Singapore dollars (SGD,) meaning far fewer trading pairs are available for consumers compared with the company s main exchange.Currently, local users can buy and sell:

Bitcoin (BTC)
Ethereum (ETH)
Binance Coin (BNB)

This expansion demonstrates Binance's commitment to growing its presence in Singapore and catering to the increasing demand for diverse cryptocurrency trading options.

How to Get Started with Binance Singapore

For new users looking to start trading on Binance Singapore, the process is relatively straightforward:

Create a Binance Singapore Account: The first step is to create an account on the Binance Singapore platform. 5 Binance-branded fiat-to-crypto platforms operating in 2025 (up from just 1 last year), running on Binance s cutting-edge technologies: Binance.US, Binance Jersey, Binance Singapore, Binance Uganda, and Binance Lite Australia. US$14,000,000 24-hour all-time-high trading volume on Binance.US, just two months post-launchThis involves providing basic personal information and completing the necessary verification steps.
Link an Xfers Account: Binance Singapore partners with Xfers, a local payment service, to facilitate deposits and withdrawals.New users need to link their Xfers account to their Binance Singapore account.
Start Buying and Selling Bitcoin: Once the account is set up and linked, users can start buying and selling Bitcoin (and other available cryptocurrencies) using Singapore Dollars (SGD).

Binance's Global Expansion Strategy

The launch of Binance Singapore is part of Binance's broader strategy to expand its global presence and offer localized services to different markets. { payload :{ allShortcutsEnabled :false, fileTree :{ :{ items :[{ name : 0x-dex-protocol-suspended-because-of-vulnerability-funds-safe-b5e .md, path : 0x-dexOther Binance-branded fiat-to-crypto platforms include:

Binance.US: Serving the United States market.
Binance Jersey: Catering to the European market.
Binance Uganda: Focused on the African market.
Binance Lite Australia: Offering a simplified platform for Australian users.

This decentralized approach allows Binance to adapt to the specific regulatory requirements and market conditions of each country, providing users with access to cryptocurrency trading in a compliant and convenient manner.

The Role of Xfers in Binance Singapore

Binance Singapore's partnership with Xfers is crucial for facilitating fiat-to-crypto transactions.Xfers is a local payment service approved by Singaporean regulators, allowing users to seamlessly deposit and withdraw Singapore Dollars (SGD) from their Binance accounts. Binance has officially listed the AB token alongside a $1 million trading competition, marking one of the exchange s most incentivized new asset launches this month. The perpetual contract for LAUSDT pairs went live on J, with spot trading commencing two days later through Binance Wallet and Binance Alpha platforms.This integration streamlines the trading process and enhances the overall user experience.

By leveraging Xfers' established payment infrastructure, Binance Singapore can offer a secure and reliable platform for users to buy and sell cryptocurrencies using local currency.

Understanding Trading Pairs and Market Data

Trading pairs are the foundation of cryptocurrency trading. Skip to main content Bitcoin Insider. MenuThey represent the two assets that are being exchanged in a particular market.In the case of Binance Singapore's initial launch, the only trading pair available was BTC/SGD, which means that users could only exchange Bitcoin for Singapore Dollars and vice versa.

Market data is essential for traders to make informed decisions. Neukunden ben tigen laut Binance nur drei Schritte. Nach der Einrichtung eines Kontos bei Binance Singapur muss zun chst noch ein Xfers-Konto verkn pft werden. Danach kann man mit dem Kauf und Verkauf von Bitcoin beginnen. Zur Funktionsweise der neuen Plattform sagte Binance-CFO:Binance Futures, for example, offers various ways to observe market data, allowing traders to select trading pairs that align with their strategies.This data includes:

Price charts: Visual representations of historical price movements.
Order books: Lists of buy and sell orders at different price levels.
Trading volume: The amount of cryptocurrency traded over a specific period.
Market depth: The liquidity available at different price levels.

What Does This Mean for the Singaporean Crypto Market?

Binance's entry into the Singaporean market, even with a limited initial offering, has had a significant impact.It provides a well-known and reputable platform for Singaporeans to access the cryptocurrency market. Binance Singapore Launches But Offers Just One Trading Pair, Report. Cointelegraph. Binance Singapore Launches But Offers Just One Trading Pair, Report. Cointelegraph. Binance to Launch US Platform Soon, Helped by a Little-Known Partner. Cointelegraph. Binance to Add Fiat-to-Crypto OTC Trading in a Month, Co-Founder Says. Coindesk.While the initial limited functionality might have been a concern for some, the subsequent expansion of trading pairs and the integration of Xfers have made Binance Singapore a more attractive option for local traders.

The Impact of Spot Bitcoin ETFs

The launch of spot Bitcoin ETFs in the U.S. has had a ripple effect on the global crypto market, including Singapore. Binance Singapore Launches But Offers Just One Trading Pair, Report Source: Binance Singapore Launches But Offers Just One Trading Pair, Report Source:These ETFs have boosted market sentiment and attracted new capital, driving increased interest in cryptocurrencies.This positive momentum has likely contributed to the growth of Binance Singapore and the demand for more diverse trading options.

Binance's Decentralized Initiatives Alongside the Singapore Launch

It's important to note that concurrently with the Binance Singapore launch, Binance has been actively developing its decentralized ecosystem.This includes:

Binance Chain: The native blockchain that powers Binance's decentralized trading platform.
Binance DEX: A decentralized exchange that allows users to trade cryptocurrencies directly from their wallets.

These initiatives demonstrate Binance's commitment to innovation and its belief in the future of decentralized finance (DeFi).While Binance Singapore provides a regulated and centralized platform, Binance's decentralized projects offer users greater control and autonomy over their assets.

Copy Trading on Binance: A Feature to Consider

While not directly related to the initial limited launch of Binance Singapore, copy trading is a feature offered by Binance that's worth considering.Copy trading allows beginners to automatically replicate the trades of experienced traders.This can be a useful way to learn about trading and potentially profit from the expertise of others. After much anticipation and months of waiting, the Binance Singapore crypto exchange is now live, but lacks a lot of features compared to the company s main exchange, as first reported by TechCrunch. Currently the Singapore exchange only offers the purchase of Bitcoin using Singapore dollars, a trading pair that limits the exchange greatly.Binance offers different copy trading modes, such as Fixed Amount and Fixed Ratio, allowing users to customize their allocation strategies.

Key Takeaways and the Future of Binance Singapore

The launch of Binance Singapore, initially with just one trading pair, was a strategic move that prioritized regulatory compliance and risk management. Pakistan makes waves in the crypto world with its latest initiative to attract miners by introducing crypto-friendly electricity tariffs. This groundbreakingWhile the limited functionality may have disappointed some users initially, Binance has since expanded its offerings and integrated with local payment services to provide a more comprehensive trading experience.

Here are the key takeaways:

Binance Singapore launched with a limited offering of only one trading pair (BTC/SGD).
The initial launch was a strategic decision to prioritize regulatory compliance and risk management.
Binance Singapore has since expanded its offerings to include Ethereum (ETH) and Binance Coin (BNB).
The partnership with Xfers facilitates fiat-to-crypto transactions.
Binance Singapore is part of Binance's broader strategy to expand its global presence.

Looking ahead, it is expected that Binance Singapore will continue to expand its offerings and cater to the growing demand for cryptocurrency trading in Singapore.The future will likely involve adding more trading pairs, introducing new features, and further integrating with the local financial ecosystem.

Frequently Asked Questions

Why did Binance Singapore launch with only one trading pair?

The limited initial offering was a strategic decision to prioritize regulatory compliance, risk management, and user experience. 仮想通貨取引所大手バイナンスは、シンガポールで仮想通貨取引所を新設した。テッククランチが4月23日に報じた。. しかし機能は限定的で、ビットコイン（btc）とシンガポールドル（sgd）のペアの取り扱いのみ。Launching with a single, well-established cryptocurrency like Bitcoin allowed Binance to demonstrate compliance and build trust with regulators while providing a simple entry point for new users.

What trading pairs are currently available on Binance Singapore?

Currently, Binance Singapore allows users to buy and sell Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) using Singapore Dollars (SGD).

How do I get started with Binance Singapore?

To get started, you need to create a Binance Singapore account, link an Xfers account, and then you can start buying and selling the available cryptocurrencies.

Is Binance Singapore safe and reliable?

Binance is a well-known and reputable cryptocurrency exchange, and Binance Singapore leverages Binance's security infrastructure and expertise.The partnership with Xfers also enhances security and reliability for fiat-to-crypto transactions.

What is the future of Binance Singapore?

It is expected that Binance Singapore will continue to expand its offerings, introduce new features, and further integrate with the local financial ecosystem.

Ultimately, Binance Singapore's journey highlights the complexities of navigating the cryptocurrency landscape, particularly in regulated markets.While the initial launch might have been modest, the platform's subsequent growth and expansion demonstrate Binance's commitment to serving the Singaporean crypto community.Consider exploring the platform for your own cryptocurrency needs and stay informed about the latest updates and developments.