July 21, 2024

Binance added trading pairs with the ruble

Binance added trading pairs with the ruble

On December 2, the Binance cryptocurrency exchange added ruble trading pairs to the USDⓈ list. Site usersNow they can exchange Binance coin (BNB), Bitcoin (BTC), Ethereum (ETH) and XRP for rubles.

In late November, during a visit to Moscow, the directorBinance Changpeng Zhao gave an interview to Anna Baydakova, CoinDesk journalist. Zhao said that Russia is one of the key markets, so his company intends to hire Russian specialists to strengthen its position in the Russian Federation. To achieve this, the platform entered into a partnership agreement with the payment operator AdvCash, thanks to which traders have the opportunity to replenish their account and withdraw money in rubles.

During a speech at the BRICS summit, the head ofRussian Direct Investment Fund Kirill Dmitriev said that the authorities of five states (Brazil, Russia, India, China and South Africa) plan to create a payment system BRICS Pay for payments between members of the union. The platform will carry out transactions in cryptocurrency, which is a financial obligation of one legal entity in relation to another. Project managers are going to release the BRICS Pay mobile application, through which users can pay for goods and services in any BRICS country.

According to Changpeng, in such largeIn countries like Russia, the USA and China, stablecoins issued by commercial institutions will not be in high demand. However, he believes that state-approved stable digital assets are an important element on the path to developing the crypto industry infrastructure. Zhao noted that residents of small countries, such as Bermuda, may be interested in stablecoins.