The world’s largest crypto exchange Binance has recently announced the launch of new trading pairs against the Euro. The exchange intends to support over 180 fiat currencies in 2020.
In a most recent blog post, Binance announced the support for BTC/EUR, ETH/EUR, BNB/EUR, EUR/BUSD, and EUR/USDT trading pairs. More so, CEO Changpeng Zhao (CZ) claims that the exchange currently supports 19 fiat currencies. The list includes US dollar (USD), UK Pond (GBP), Swedish Krona (SEK), Canadian dollar (CAD), Euro (EUR), Chinese yuan (CNY), Russian ruble (RUB), Turkish Lira (TRY), Nigerian naira (NGN), Ukrainian hryvnia (UAH), Kazakh tenge (KZT), Vietnamese dong (VND), Columbian Peso (COP), Polish Zloty (PLN), Indian Rupee (INR), Brazilian Real (BRL), Argentine Peso (ARS), Mexican Peso (MXN), and Indonesian rupiah (IDR). In his continuous blog post, he states that the support for three more currencies will be added next week.
Moving forward, Binance aims to boast its services across 180 fiat currencies. As for the new trading pairs for Euro, the exchange will open trading pairs at 8:00 AM (UTC) on 3rd January 2020. Following the new announcement, the exchange is enabling traders to supported cryptocurrencies directly in Euro.
Moreover, CZ further emphasized the positive attitude of many governments towards blockchain and crypto adoption.
2019 has seen some significant positive changes in attitudes of many governments around the world towards blockchain and crypto adoption, writes Zhao by adding…. Given the changes in attitudes in governments, and realizing the fact that blockchain is not going away and only growing, we see many traditional financial institutions coming into crypto as well.
Binance has been introducing new features to offer a user-friendly and streamlined trading experience to its users across the world. The most recent instance includes the exchange’s support for a VISA Card. Notably, Binance is offering a direct option for its users to connect their Visa card to their Binance account. With this, users can directly buy cryptocurrencies directly by connecting their Visa card.
Image Source – Flickr
Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Authors may own the crypto currency they discuss. The information and content are subject to change without notice. Visionary Financial and its affiliates do not provide investment, tax, legal or accounting advice. This material has been prepared for informational purposes only and is the opinion of the author, and is not intended to provide, and should not be relied on for, investment, tax, legal, accounting advice. You should consult your own investment, tax, legal and accounting advisors before engaging in any transaction. All content published by Visionary Financial is not an endorsement whatsoever. Visionary Financial was not compensated to submit this article Please also visit our Privacy policy; disclaimer; and terms and conditions page for further information.