Binance starts trading in rubles

“Binance starts trading in rubles” In just 2 weeks, digital currency exchange Binance will start trading with some fiat currencies, including the Russian ruble. The company’s CEO Changpeng Zhao spoke about these plans at a conference held in Moscow. A few days ago, trading pairs with such currencies as the euro and the British pound appeared in the exchange’s API. Changpeng Zhao stated: “In about two weeks, the exchange will start supporting fiat currency trading, and we will start with the ruble. Soon you will be able to buy cryptocurrencies for rubles.” The exchange also informed its users that such trading pairs as ETC/BUSD, ETH/BUSD, LINK/BUSD, BCHABC/BUSD, XRP/BUSD, LTC/BUSD will be opened. Experts have warned that there are still risks associated with trading digital assets. In addition, Binance wants to launch a crypto-fiat exchange in the Russian Federation. It is worth noting that the company has already managed to open international platforms in Jersey, the United States, Singapore, and Uganda. The CEO of the exchange reports: “We will continue to expand crypto-fiat channels to make digital currencies accessible to everyone.” The cryptocurrency exchange has begun to actively use fiat gateways. In this way, it expands the possibilities of acquiring digital assets for fiat funds. Only a month ago, Binance entered into an official agreement with Koinal, a London-based company. This company is closely involved in payment processing. Thanks to this joint cooperation, users can buy digital currencies using their own cards. Both MasterCard and Visa debit and credit cards are suitable for this purpose. Bank transfers can also be used. In addition, three companies provide fiat gateways for Binance. These are the well-known TrustToken, Paxos, and Simplex companies in the industry. A few days ago, the American branch of the cryptocurrency exchange insured its customers’ assets with the Federal Deposit Insurance Corporation.