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Blockchain & Cryptocurrency

Binance To Offer Euro Trading Pairs, With More Fiat Currencies to Come

The Infinite Brief
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.

Many of the most popular virtual currency venues only provide crypto-to-crypto trading, which is subject to less regulatory scrutiny but limits customers’ ability to cash out. Offering a fiat currency would be a first for Binance as it looks to build on its rapid growth.

The venue will allow euro trading later this year from its Malta operations, Zhao said by phone on Monday. He plans to add other fiat currencies, he said, without providing details.

The company is also in talks with authorities and banks in Taiwan, he said.

Originally via Bloomberg

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.

See the original article at https://www.bloomberg.com/news/articles/2018-06-11/crypto-giant-binance-to-offer-euro-trading-pairs-this-year

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