One of the leading Bitcoin exchanges, Binance, has become crowded in the cryptocurrency space and now the company plans to include trading in pairs with fiat currencies. This was stated by Binance CEO Changpeng Zhao.
Binance is once again expanding its functionality and intends to offer its clients the opportunity to trade not only in cryptocurrency, but also in pairs with fiat. The euro will become the first fiat currency traded on a cryptocurrency exchange. Such an addition is currently only possible at a separate local site, which will soon open in Malta. After the presentation of office in Malta, in March of this year, the exchange has already opened bank accounts and is actively preparing for trading in pairs with fiat, which will become a reality by the end of this year. Changpeng Zhao plans to expand the fiat listing, but the details of future support still remain intriguing.
The platform’s trading offer is one of the most diverse in the cryptocurrency market. Binance offers more than 330 different trading pairs and is expanding its listing almost weekly extending its listing. This allows it to maintain a leadership position in trading volume of $1.52 billion in 24 hours, and generate daily income of $3.48 million.
Binance intends to continue to explore new jurisdictions and plans to obtain an exchange license for the island Jersey, and is also considering the possibility of expanding its activities in Taiwan.
The dizzying successes of Binance in just one year since its opening allowed it to enter the TOP platforms in terms of trading volume. Extensive functionality and impressive management have made the site one of the leading ones in such a short time. Behind this success is the legendary financier Yi He. The news that he would head the project last year increased the company's capitalization by 40%. The popularity grew so rapidly that in January of this year, Binance had to carry out upgrade its equipment for increasing loads and refuse registration for new users. As a result of the update, the number of users increased from 2 million to 9 million people. Today, Binance is not just a crypto exchange, but a successful project, included in the top 10, with its own cryptocurrency Coin (BNB), an impressive listing and an impressive pace of expansion.
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