September 27, 2020

Binance will open trading for rubles

Cryptocurrency exchange Binance will open trading with several fiat currencies, including Russian ruble. Trading for rubles on Binance will appear in two weeks.

This was announced by the general director of Binance Changpeng Zhao(Changpeng Zhao) at the Moscow conference, and last week the exchange without any explanation added trading pairs with the euro and the British pound to its API.

“In about two weeks, the exchange will begin to support trade in fiat currencies, and we will start with the ruble. Soon you will have the opportunity to buy cryptocurrencies for rubles, ”said Changpeng Zhao.

Binance also notified users of the openingtrading pairs XRP / BUSD, ETH / BUSD, BCHABC / BUSD, LTC / BUSD, LINK / BUSD and ETC / BUSD, warning about the possible risks associated with trading cryptocurrencies. Moreover, Binance plans to launch a crypto-fiat exchange in Russia. At the moment, the company has already opened international platforms in Uganda, the USA, Singapore and on the island of Jersey.

“We will continue to expand crypto-fiat channels so that digital currencies become available to everyone,” said Binance CEO.

Binance began to rapidly introduce fiatgateways, expanding the possibilities of buying cryptocurrencies for fiat money. Last month, the exchange signed an agreement with London-based payment processing company Koinal. Such cooperation allowed users to buy cryptocurrencies using Visa and MasterCard debit and credit cards, as well as via bank transfer. In addition, Fiat gateways for the exchange are provided by Simplex, Paxos and TrustToken.

The other day, the American branch of the Binance exchange insured user funds at the US Federal Deposit Insurance Corporation.

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