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    Binance Adds 2nd Fiat To P2P Trading Platform, Vietnamese Dong VND-To-Crypto Now Open

    • Binance crypto exchange announced the second fiat currency on their peer-to-peer (P2P) platform on Monday, January 20, 2020.
    • The Vietnamese Dong (VND) was added to Binance P2P platform allowing users to buy and sell four major cryptocurrencies.

    In an official announcement released on Monday by Binance, the largest crypto exchange in trade volume, users of their P2P platform will be able to buy and sell Bitcoin (BTC), Ethereum (ETH), Tether (USDT) and its own native Binance Coin (BNB) from peers.

    The fiat currency becomes the second to join the platform after the Chinese Yuan (CNY).

    A growing fiat-to crypto market

    Binance has been on the forefront of setting up fiat-to-crypto gateways across the world and the launch of its Binance P2P platform is an exhibition of its efforts. At the moment, only two countries have access to their P2P platform, China and Vietnam. However, plans are underway to increase the number of countries on the platform. On the launch of the Vietnamese Dong (VND) pair, the CEO of Binance, Chengpeng Zhao, said,

    “We are pleased to introduce fiat-to-crypto P2P trading services to Vietnamese users to flexibly trade cryptocurrency at low costs.”

    The set goal is to add over 180 fiat currency pairs to its platforms in a bid to boost crypto adoption and its market dominance in the coming years.

    While the Malta based exchange faces possible troubles in the EU given the implementation of the AMLD5 directive, CZ believes the exchange will continue to offer crypto services long into the future. The growth of Vietnam as a blockchain hub offers an option in case regulation takes a wild turn in Malta. CZ said,

    “Vietnam has enormous economic growth potential, a vibrant entrepreneurship landscape, and wide cryptocurrency acceptance, making it the next global blockchain hub.”

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    Lujan Odera
    Lujan Odera
    Lujan is a blockchain technology and cryptocurrency author and editor. He has worked in the field of cryptocurrencies and blockchain technology since 2015 helping him gain enough experience to be the writer he is today. He is known for his simple writing style that allows novices to understand the field in the simplest way.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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