Binance, the home of the biggest change in the world, will soon open the trade fiat – crypto. According to the statements of the CEO of Binance, Changpeng Zhao, also known as “CZ”, this type of trading will soon be a reality on the platform. The information you provided during your participation in the conference of Open Innovations 2019. The event was held in Moscow last Monday. In addition, the CEO mentioned that the first currency that they were going to handle these transactions fiat – crypto would be the Russian ruble. “We are adding support for trade trustee. In about two weeks more or less, we should have support for the trading of the Russian ruble, direct”. Until now, the main service of the exchange platform only had admitted to trade crypto – crypto. However, it has launched gateways with the fiduciary market through local in Uganda, Singapore and the united States. Already Binance had announced in September that it soon would include alternatives for the trading of OTC derivatives on its platform. In fact, for these statements Alipay spoke out against the OTC Bitcoin. However, everything seems to indicate that the general trade of the exchange platform will also support new alternatives. And his next big bet are the transactions fiat – crypto. On the other hand, Binance also announced that they would include in the platform a new token. This is linked to the value of Bitcoin Cash (BCH), and is included in the exchange decentralized, Binance DEX. According to CZ, “BCH-1FD” would bring more options for users of DEX.
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Binance is kept at the head
With this announcement on the trade of fiat – crypto, Binance demonstrates that it remains the global leader among exchanges. And that there is still a long way to that other house of change will remove the post. However, this is not the only reason why this platform is kept to the head. Binance has been characterized by maintaining a policy of constant innovation. In addition, they have tried to reach the largest number of markets possible in different places of the world. For example, recently announced the launch of a product-backed physical Bitcoin Coin in Switzerland. Specifically, this product will be linked to the Swiss Stock Exchange, the stock exchange switzerland. This product will be the product of an alliance with Amun, the startup local that has participated in the launch of other ETP. It is expected that the trade fiat – crypto posed Binance provide new opportunities for all members of the community cryptography. In addition, it can serve as an example to the other exchange houses in the industry. The following two tabs change content below. I am a student of International Studies, interested in new technologies and their impact on the world. A true believer that tenacity is the foundation of success.