Binances operations has moved to Malta, a friendly island nation in the European Union.
Opening an office on Malta gives Binance several advantages. One of which is that they can start to set up a fiat-to-crypto trading pair, allowing people to purchase crypto directly with USD or the Euro.
Read more + actual quote from CEO:
http://thebitplex.com/2018/03/23/binance-malta/But what does this mean for altcoins? Will they finally detach from the swings of Bitcoin?
Will Bitcoin dominance go down? Will more institutions look into altcoins as an investment?
Could we see more places to pay in altcoin?
I'm not sure that Binance will offer the UDS/EUR pair for all the currencies they have, actually right know they don't even do it with USDT, so I don't see why they should do it with the real fiat. For sure it can make easier getting some coins without having to get through BTC or ETH.