Binance Is Set To Add 180 Fiat Currencies On Its Trading Platform
Binance CEO Changpeng Zhao spoke about his intention to add all 180 fiat currencies to the platform during his speech at a conference in Singapore. Traditional assets will be used to organize crypto-fiat trading.
One Of The Key Things I Want To Do For The Next Few Months – Six To Nine Months Or So – Is To Get Those Other 180 Fiat Currencies Onboard Onto Binance.Com, he says.
According to the expert, the initiative will allow providing platform users with “direct access to a high level of liquidity”, which can be organized at Binance. Changpeng Zhao noted that in order to achieve the goal, the company intends to connect third-party organizations to the work. The exchange plans to create as many crypto-fiat trading pairs as possible.
Recall, the crypto exchange recently added support for the Russian ruble, Ukrainian hryvnia, Kazakhstani tenge, Euro, and Nigerian naira. The product was implemented with the participation of AdvCash and Flutterwave. The possibility of acquiring cryptocurrency for fiat on the site was also organized by creating gateways with Simplex, Paxos and TrustToken.
According to Changpeng Zhao, expanding the ability to purchase digital assets for fiat will positively affect the position of a new financial instrument in the world. Another area in the work of the Binance team will be the improvement of support services. The plans to reduce the waiting time for the response of service employees to an hour.