Binance adds 5 new Fiat Currencies for Trading Cryptocurrency

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Binance


Binance recently extended its fiat currency support with the addition of five more currencies.

The exchange platform has now added the fiat currencies from South Korea (KRW), Kazakhstan (KZT), Peru (PEN), Kenya (KES), and Colombia (COP).

Traders from these countries can directly deposit their local fiats with the help of a debit or credit cards at Binance crypto exchange.

This came as a part of the exchange push to add around 180 fiat currencies by the end of this year.

The exchange will allow buying four crypto-currencies – Binance Coin, Bitcoin, Ethereum, and Ripple and two stablecoins – BUSD and Tether against the newly added fiat currencies.

The exchange is also working on entering new markets by making deals and acquisitions – last year, Binance acquired the WazirX, thus making an entry into the Indian crypto-market.

Apart from having the exchange business, Binance is also planning to dive into the crypto mining industry by launching a mining pool.

This month, Binance acquired CoinMarketCap portal for $400 Million in cash and stock.

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Udit Agarwal Opinions expressed by techsutram contributors are their own. More details
Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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