Binance will add EUR, USD and GBP Pairs

in #bitcoin6 years ago

Since they moved to Malta they made some deals with banks there. Its not clear if Binance itself will stay as Crypto-crypto spot and they will just add another platform for fiat (to avoid some issues with KYC ie) or they will somehow add this but we can be sure FIAT is coming.

Since they moved to EU, EUR will be first, then it seems USD and then GBP.

The info comes from Bloomberg interview.

Binance, one of the world’s largest cryptocurrency exchanges by traded value, will soon allow customers to convert digital tokens into fiat currencies such as the euro, according to Chief Executive Officer Zhao Changpeng.

It seems they will also work with Jersey and get GBP using their structure.

CEO of Binance, Changpeng Zhao, said, “We have chosen Jersey to be the next big step in our global expansion strategy for its clear and pro-crypto investment and regulatory environment. With its local economy based on a major currency (GBP), and its close proximity to the UK and Western Europe, we are confident the cooperation with Jersey will not only benefit the local economy, but also form a strong operational foundation for our expansion into the rest of Europe.”

Markets

If you never got BNB coin it looks like a good idea to get some especially during this bear market - REGISTER NOW.

BNB

Scared of BNB?

There are two other exchanges with really similar layouts which also have their tokens used similar way. KuCoin and KCS and BiBOX with BIX, you can still be early on those.

Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips!

Sort:  

Binance exchange has achieved milestones after milestones on the journey to becoming the largest cryptocurrency exchange in less than one year. It was launched in July 2017 and in only three months it had made profits amounting to $150 million. Binance trading volume currently falls between $1.4 billion and $1.5 billion and serves at least 9 million users.

Binance should have become decentralized before anything else.
Soon Huobi may be a better choice.
The question is: will decentralization make Huobi immune to Chinese and any other potential sovereign legislation, persecution and dictates?

You got upvoted from @adriatik bot! Thank you to you for using our service. We really hope this will hope to promote your quality content!

Decentralized? I don't think decentralization will allow for international/ worldwide expansion due to its ability to bypass regulations or to create an unregulated market which will def be a haven for scammers to thrive.

Decentralization is just a word thrown about arbitrarily without consideration of the disadvantages. The general pup does not want a decentralized world. They want their finances to be handled by a 3rd party for a few reasons some which are critical due to multi-tasking.

Decentralized? I don't think decentralization will allow for international/ worldwide expansion due to its ability to bypass regulations

Is not this the reason to how it "will allow for international/ worldwide expansion"?

or to create an unregulated market which will def be a haven for scammers to thrive.

scammers thrived more due to centralized exchanges being easier to hack:
See binance, mtgox, and every other exchange that was hacked.

Decentralization is just a word thrown about arbitrarily without consideration of the disadvantages. The general pup does not want a decentralized world.

I referred only to decentralized monetary system, and in particular, to decentralized exchanges and currencies.

They want their finances to be handled by a 3rd party for a few reasons some which are critical due to multi-tasking.

?

scammers thrived more due to centralized exchanges being easier to hack:
See binance, mtgox, and every other exchange that was hacked.

Ok, so you are referring to the overal security of the system, an exchanged built on a blockchain platform to be more resistant to hacking, got ya! I think Binance has a decentralized exchange coding competition for the purpose of building one in the near future.

They want their finances to be handled by a 3rd party for a few reasons some which are critical due to multi-tasking.

This wasn't properly but nevermind it's irrelevant.

You got a 73.53% upvote from @proffit courtesy of @stimialiti!
Send at least 0.01 SBD/STEEM to get upvote , Send 1 SBD/STEEM to get upvote + resteem

You got a 100.00% upvote from @luckyvotes courtesy of @stimialiti!

You got a 57.15% upvote from @sleeplesswhale courtesy of @stimialiti!

This comment has received a 71.43 % upvote from @steemdiffuser thanks to: @stimialiti.

Bids above 0.1 SBD may get additional upvotes from our trail members.

Get Upvotes, Join Our Trail, or Delegate Some SP

You got upvoted from @adriatik bot! Thank you to you for using our service. We really hope this will hope to promote your quality content!

Hello adriatik!

Congratulations! This post has been randomly Resteemed! For a chance to get more of your content resteemed join the Steem Engine Team

Actually, unless you want high speed trading, the big boys will be happier without handing control over their funds to a 3rd party

You got a 100.00% upvote from @luckyvotes courtesy of @stimialiti!

You got a 49.75% upvote from @sleeplesswhale courtesy of @stimialiti!

that`s good news crypto is the future

Fiat gateway for Binance could be a game changer. There is literally no way that one can overestimate the importance of fiat gateways. They are of key importance - in the sense that coinbase has literally centralized the purchase of cryptos through fiat (dollar).

Although small exchanges like Kraken have fiat gateways but we need a major player entering the foray

What also makes Coinbase stand out is that it is very easy to use and it is also very accessible.

In literally less than 10 minutes you can register the account, verify it and start your crypto currency journey.

That is true but I am talking about having more players in the market. Trust monopoly on it won't be good for us

I'm using bitstamp for years.
I prefer to not send my money to the US and their fees are much lower

Heard it will be separate exchange... binance to stay crypto to crypto

Like Coinbase and Gdax?

Absolutely

Can't wait for this...

Good News.

The link between being able to buy crypto and fiat is huge. The fewer hoops needed to be jumped through, the money crypto will be bought. This could be big news and make a large impact over the next few months...

You got a 46.43% upvote from @upme thanks to @kingscrown! Send at least 3 SBD or 3 STEEM to get upvote for next round. Delegate STEEM POWER and start earning 100% daily payouts ( no commission ).

Coin Marketplace

STEEM 0.37
TRX 0.12
JST 0.040
BTC 70162.45
ETH 3540.43
USDT 1.00
SBD 4.79