June 6, 2023

Binance opened internal transfers and trading pairs with the ruble

Binance cryptocurrency exchange has opened for customers the possibility of internal free transfers between accounts, and also added four trading pairs with the Russian ruble.

As Binance stated on its website, ifthe user transfers crypto assets from the cryptocurrency address of his Binance account to the address corresponding to the account of another exchange user, this action will be regarded as an internal transfer. Such transactions will be made instantly and without commission. In addition, when processing them, you won’t need to wait for confirmation on the blockchain.

The exchange clarified that the function of internal transferscan be activated and deactivated using the API. The exchange management also published instructions on how users can send transfers to each other.

Binance also added trading pairs with the Russian ruble: BNB / RUB, BTC / RUB, ETH / RUB and XRP / RUB. About a month ago, couples with the Turkish lira and Nigerian naira appeared on the exchange.

Binance has become active in recent monthsadvance in the Russian market. For example, in early November, the exchange announced cooperation with the AdvCash payment system for depositing and withdrawing rubles. Earlier, Binance CEO Changpeng Zhao stated that the exchange is interested in developing in the Russian market, given the pace of its development in the field of digital technologies.