Top Crypto Exchange Binance Is Plans to Support All 180 Fiat Currencies In The Next 180 Days

Binance, the famous cryptocurrency exchange wants to support all fiat currencies in the world for its direct fiat-to-crypto offering.

Changpeng “CZ” Zhao, the CEO of Binance, has announced during the company’s super meetup that he wants to get 180 fiat currencies onboard Binance.com, in the next 6 to 9 months. He also said that this initiative of his is aiming to offer Binance customers “direct access to the large liquidity” the exchange has available. This means Binance will have to work with third parties in order to add the fiat pairs.

There Are 5 Fiat Currencies on Binance at the Moment

CZ’s platform supports only 5 fiat currencies at the moment. These are Euro (EUR), Russian ruble (RUB), Nigerian naira (NGN), Kazakhstani tenge (KZT) and Ukrainian hryvnia (UAH). They have all been added during this month and in October, through the payment platforms Flutterwave and AdvCash. The fiat-to-crypto trading facility on Binance was first revealed by CZ on October 21st. He wants to add fiats to lower the entry barrier for new users, so people should expect more pairs in the near future, CZ said.

The current fiat gateway channels supported by Binance are via Flutterware, AdvCash, Simplex, Koinal, TrustToken, and Paxos.

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Oana Ularu
Oana Ularu
Curious about what’s going on with all the money in the world, Oana is bringing you the latest news in the crypto world. She’s aware of the fact that you need to know everything that’s happening on the financial scene in order to play the cryptocurrency market, so you can count on her to share with you every little detail on what matters.

[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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