Binance provides crypto asset trading solutions to Bahrain Fasset digital asset exchange

In a recent blog post written by Bahrain based Fasset crypto asset exchange which is in the midst of receiving a license from the Central Bank of Bahrain, with a registered headquarter in the United Kingdom, the company stated it was backed by Binance exchange one of the biggest global crypto exchanges. 

This comes after  Fasset Crypto exchange announced in October of 2020,that it had entered the Bahrain Fintech Sandbox and launched the first zero commission crypto exchange, while working on the first tokenization platform license from Bahrain as well. According to Crunchbase Fasset as a UK registered entity had raised 4.7 million USD in seed funding. 

In a previous interview with UNLOCK  Mr. Mohammad Raafi Hossain, Chief Executive Officer of Fasset Crypto Exchange stated, “ Fasset is proud to be part of Bahrain’ Central Bank Sandbox and is pleased that the regulator and Economic Development Board has understood and supported Fasset in both its tokenization license as well as secondary market exchange. As Hossain commented, “This hasn’t happened before to have a license for both a tokenization platform and a trading platform, and we see this as the future of tokenization projects.”

Jumping to 2021 Fasset in its recent blog post,  writes“ Fasset is also backed by Binance, one of the largest and most recognized crypto exchanges globally. One of the great things about Fasset is its focus on simplicity: it has a simple interface that allows new users to navigate and buy crypto in UAE super easily . Since Fasset is backed by Binance’s deep liquidity pool, its users will have access to near-market prices and instant order execution. Do you know what this means? No hassle of paying unfair prices and waiting for hours for you to know whether your order is a done deal.”