Cryptocurrency exchange Binance will launch its fiat-to-crypto trading platform in Singapore later in April 2019, said its chief financial officer.

The platform will accept Singapore dollars (SGD) in exchange for Bitcoin (BTC), the CFO revealed in an interview with CoinDesk at the Paris Blockchain Week Summit last Wednesday.

For the time being, the new exchange will only list BTC for trading since “it’s easy to start with things that people know and understand and you can gradually build on that,” although more cryptocurrencies will definitely be added in the near future, as CEO Zhou asserted.

The project dated back in February, when Binance collaborated with payments processing firm Simplex to open crypto purchases for Visa and MasterCard users. One month later, the exchange launched Binance Lite in Australia, a service that allows the local to buy BTC at supported newsagents.

In addition, Binance reportedly planned to advance a decentralized exchange (DEX) mainnet built on top of its own network, allegedly enabling digital asset transactions. The DEX testnet is believed to be in its final stage at the moment, and will be launched this month as well, said the CEO.