Cryptocurrency

Option fiat in Binance will support 15 coins

Now the users of the platform, have an option fiat to exchanges in Binance. It is a covenant of exchange with the signature Etana Custody, by means of which, there is the possibility of buying cryptocurrencies with the use of 15 coins.

The announcement was made Binance the last Monday in his blog. In the same offered details of the agreement with the aforementioned Etana Custody with those who will operate this door in exchange.

It should be emphasized that Etana is a company dedicated to the custody of fiat money and digital used by institutional investors around the world. The association of the two firms will allow insurance exchanges on all continents.

15 coins in the change option of fiat by cryptocurrencies

Users in 15 countries, spread among the 5 continents, will be able to use their national currencies for the exchange of Bitcoin and dozens of other digital currencies.

Some of the national currencies to receive, including the Dirham of the united Arab Emirates, the Koruna of the Czech Republic, the Krone is Danish, the mexican peso, among others. The mode is to bind the account of Binance with Etana to perform the surcharges with the coins of any of the 15 countries on the list.

An important aspect is that, according to the blog posting, the option of using fiat in Binance to trade with cryptocurrencies, is free of charge to make deposits.

“We are extremely pleased to enter this new door fiat by means of Etana Custody. The integration helps to realize access to the digital asset less difficult for the people involved in the markets of Europe, Asia, north America and Oceania”, says the CEO of the exchange, Changpeng Zhao cited by the blog.

At the same time, said that in Binance is making all efforts to open options to purchase fiat-to-digital. Currently, it is a method that covers some 170 countries, the vast majority of them by means of the us dollar.

Users of Binance now have the option to use fiat to buy cryptocurrencies.

A “seamless experience” for customers

For his part, Brandon Russel, CEO and founder of Etana Custodi, said that they are working to provide a seamless experience. The same will enjoy the customers regarding the exchange of fiat for cryptocurrencies.

“We share that vision of providing our customers with a perfect experience of exchange of fiat to digital currency, to promote broad access to digital markets. Through the partnership with Binance, the users of that platform have the option of keeping their digital assets in Binance and their balance sheets fiat in Etana. It is an alternative to provide solutions to the participants in digital markets”, he underlined.

Etana Custody is working to provide its customers with the best tool to improve access to digital assets. For its part, Binance, promotes access to the cryptocurrencies by means of fiat money. This opens the door to a use and access the mass of millions of people to the digital money.

The alliance allows both firms are complementary in their objectives. At the same time, it gives a vision of what could be the future of transition between one form of money to another, on the one hand, or the coexistence of both models.

Data to be taken into consideration

Binance offers option of change from fiat to cryptocurrencies in more than 150 countries.With this new opening, 15 other national currencies are in addition to the options of exchange of fiat money for digital assets.The refills of fiat money to Etana Custody for use in the exchange for cryptocurrencies is free of charge.The alliance between the two firms, allows add-ins its objectives of providing better services to their customers.The 15 coins are included in the agreement, are AED, AUD, CAD, CHF, CZK, EUR, GBP, HKD, DKK, HUF, MXN, NOK, NZD, PLN and SEK.

Reliable sources

The information of this content has been taken from reliable sources which are detailed below.

1 – professional Management of content by the authors of CriptoTendencia.
2 – external Sources: blog of Binance, etana.com.

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About the author

Belinda Carey

Belinda Carey

A finance girl by education, Belinda has been drawn to cryptocurrencies ever since Bitcoin first emerged in the 2009. Nearly a decade later, Belinda is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies.

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