Binance will also support trading against two stablecoins: Tether (USDT) and its own U.S. dollar-backed token, Binance USD (BUSD).
Cryptocurrency exchange Binance has confirmed it will offer euro (EUR) trading against six cryptocurrencies in the platform’s latest fiat expansion.
In a blog post on Jan. 3, Binance confirmed trading for EUR pairs would begin at 8am the same day. Users will be able to trade EUR against Bitcoin, Ether (ETH), XRP and Binance Coin (BNB).
Euro not just for Binance Jersey
The move follows on from the addition of EUR deposits and withdrawals in November, which appeared along with identical services for the Russian ruble, Ukrainian hryvnia and Kazakhstani tenge.
The exchange in fact already offers EUR trading pairs on its dedicated subsidiary, Binance Jersey, which launched last January.
With the latest release, the fiat currency will become available to traders on Binance’s main platform, leaving just its US partner, Binance US, behind.
CZ promises “180+” fiat currencies
Despite the challenging regulatory variation which gave rise to Binance providing different freedoms to users based on country of residence, executives remain upbeat about the future.
In another post welcoming the new year on Jan. 2, CEO Changpeng Zhao, known as “CZ” in cryptocurrency circles, described 2019 as a foundation year.
“One of our key goals for 2020 is to bring crypto to the masses. For this, we aim to enable fiat-to-crypto trading for 180+ fiat currencies”, he wrote about the company’s fiat plans for the coming twelve months.
CZ added that Binance’s acquisition schedule would include at least two which would have a “significant impact” on the industry.
Bitcoin News Summary – September 16, 2019
Bitmain opened sales for its new Antminer S17e and T17e Bitcoin mining ASICs this week. The first batch was quickly sold out. The units are said to achieve high efficiency with max hash rate of 64 Terahash per second but cost up to $2700.
Crypto payment service BitPay was heavily criticized for blockading donations made to the Hong Kong Free Press, the region’s 1st crowdfunded media outlet. The agency’s editor Tweeted that no crypto donations had been received since the protests began in Hong Kong.
Perhaps in response to BitPay’s blockade of the Hong Kong Free Press, Square Crypto made a $100,000 donation to further the development of alternative, open-source, and decentralized crypto payment portal, BTCPay.
France’s Economic and Financial Minister said that France “cannot authorize the development of Libra on European soil.” Minister Le Maire said that Libra threatens the monetary sovereignty of states. This highlights the political risk inherent in centralized virtual currencies.
It was reported that Bitcoin transactions are a reality in Cuba. Crypto is becoming popular as a way for Cubans to avoid U.S. banking and payment sanctions to make online purchases. A local expert estimates about 10,000 Cubans are using crypto.
And finally, a vulnerability in the Lightning code was confirmed to have been exploited by hackers. Anyone running an LND, c-lightning node or Éclair node is urged to upgrade to avoid any issues.
