Binance, one of the world’s most popular and most successful cryptocurrency exchanges, has plans to offer traders the ability to trade cryptocurrencies for euros — with other fiat currency trading pairs in the works.
Cryptocurrencies for Euros
Binance will launch euro trading pairs, with other fiat currencies planned for the future.
The report comes from Bloomberg, which received the information from Binance’s CEO, Zhao Changpeng, by phone. It also follows the exchange’s relocation to Malta — one of the world’s most cryptocurrency-friendly locations from a business perspective.
It is hard to overstate how big of an advancement fiat trading pairs is to the cryptocurrency exchange giant. Binance currently only offers cryptocurrency-to-cryptocurrency trading pairs, with Tether (USDT) currently the closest thing to trading for fiat.
Binance will soon celebrate its first birthday in July, and currently lays claim to a user base of 9 million. As noted by Bloomberg, the exchange had 2 million users at the start of 2018 and has made a $150 million profit in its first quarter.
Bloomberg has also noted that Binance is set to receive an exchange license from Jersey in the Channel Islands and is in negotiations …
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