Binance CEO said that Russian users will be able to buy crypto on Binance directly using Russian ruble in “about two weeks.”
Binance, one of the largest global crypto exchanges, will soon add support of fiat trading, starting with the Russian ruble.
Adding Rubble in “about two weeks”
The news was publicly announced by Binance CEO Changpeng Zhao (CZ) at the Open Innovations Forum in Moscow on Oct. 21. By adding Russia’s national cryptocurrency on its platform, Binance will allow users from Russia to buy cryptocurrencies directly using rubles, CZ explained.
In a video posted on Twitter, CZ said:
“In about two weeks or so, we should have support for Russian rubles trading directly. So you can buy cryptocurrencies on Binance.com using rubles.”
4 international crypto-fiat exchanges launched
In January 2019, Binance was first reported on its plans to expand to eight new countries in 2019, including Singapore, Malta, South Korea, Liechtenstein, Argentina, Russia, Turkey and Bermuda.
To date, Binance has already launched four international crypto-fiat exchanges, including Binance Uganda, European trading platform Binance Jersey, Binance Singapore and Binance US.
On Oct. 18, Binance.US announced that its customer’s dollar deposits were eligible for Federal Deposit Insurance Corporation, also known as FDIC, insurance coverage.
In mid-October, Binance launched peer-to-peer trading for Bitcoin (BTC), Ether (ETH) and Tether (USDT) against the Chinese yuan.
Source: , CoinTelegraph
Articles listed with Cash Tech News as the author are either general information, or may have been imported from another website, to bring our readers a rich media experience that encompasses articles that we find interesting, as well as those curated by others.
The views and opinions expressed here are for informational purposes only, and should not be confused with professional financial advice. These opinions are solely those of the author and do not necessarily reflect the views of CashTechNews.com. Every investment and trade involves risk. You should conduct your own research, and contact your professional financial advisor before making any investment.
Corrections, feedback, and ideas should be submitted through the website contact form.