Binance Debuts Euro Pairs as CZ Says 180 Fiat Currencies Set for 2020
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 (BTC), Ether (ETH), XRP and Binance Coin (BNB).
Binance will also support trading against two stablecoins: Tether (USDT) and its own U.S. dollar-backed token, Binance USD (BUSD).
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.
Supported fiat currency pairs on Binance as of Jan. 2, 2020. Source: Binance
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.