Binance Is Launching Fiat Trading Starting with Russian Ruble

Binance Is Launching Fiat Trading Starting with Russian Ruble

Binance, one of the largest global exchanges, will soon add support of fiat trading, starting with the Russian ruble.
Adding Rubble in “about two weeks”
The news was publicly announced by Binance CEO Changpeng Zhao (CZ) at the Open Innovations Forum in Moscow on Oct. 21. By adding Russia’s national on its platform, Binance will allow users from Russia to buy cryptocurrencies directly using rubles, CZ explained.
In a video posted on Twitter, CZ said:
“In about two weeks or so, we should have support for Russian rubles trading directly. So you can buy cryptocurrencies on using rubles.”
4 international crypto-fiat exchanges launched
In January 2019, Binance was first reported on its plans to expand to eight new countries in 2019, including Singapore, Malta, South Korea, Liechtenstein, Argentina, Russia, Turkey and Bermuda.
To date, Binance has already launched four international crypto-fiat exchanges, including Binance Uganda, European trading platform Binance Jersey, Binance Singapore and Binance US. 
On Oct. 18, Binance.US announced that its customer’s dollar deposits were eligible for Federal Deposit Insurance Corporation, also known as FDIC, insurance coverage.
In mid-October, Binance launched peer-to-peer trading for (BTC), Ether (ETH) and Tether (USDT) against the Chinese yuan.

READ  Filecoin Testnet to Launch in December — Mainnet in Q1 2020

Leave a Reply

Your email address will not be published. Required fields are marked *

Want to automate your crypto Trading?
Try this new trading Robot!

Your information will be validated and you will be automatically redirected to the trading robot advanced dashboard.