Binance, the renowned cryptocurrency and digital asset exchange, is expanding to European markets. This point they are launching an alternative platform for fiat-to-crypto trading, based on a press release dispersed to a crypto media outlet on Jan. 16.
As per the release, Binance is launching a completely new trading platform, called Binance Jersey. It can be primarily specifically for fiat-to-crypto trading of this British pound (GBP) and euro (EUR) with Bitcoin and Ethereum inside United Kingdom and Europe.
For the exchange’s users, trading turns into available after account verification in accordance with the Know Your Customer process on Binance Jersey. Trading can be available for pairs like BTC/EUR, BTC/GBP, ETH/GBP, and ETH/EUR.
Binance highlighted, inside the press release, that extension to the European markets could provide independence from threatening Brexit ambiguity exactly where the pound and euro will also be in concern.
Notably, key cryptocurrency exchange and wallet Coinbase had opened a dentist’s office in Dublin, in August not too long ago. The move was purportedly aspect of an emergency insurance policy for when the U.K. leaves europe.
Moreover, Binance had signed an MOU, was initially invented by July, that has an independent organization to display Jersey’s digital industries, Digital Jersey.
Before that, Binance added Circle’s USD-pegged stablecoin USD Coin as being a quote asset for a few new trading pairs within its collective Stablecoin Market, including native exchange token Binance Coin (BNB/USDC), Stellar (XLM/USDC), Bitcoin (BTC/USDC), Ripple (XRP/USDC), Ethereum (ETH/USDC), and EOS (EOS/USDC). On top of that, the exchange also added a USDC trading pair with fellow stablecoin Tether.
Moreover, Belarus launched an investing platform, yesterday. Interestingly, it enables users to acquire tokenized versions of shares of gold and various traditional assets. The trading platform allegedly received 2,000 registration applications in the first Two hours of its commencement.
Furthermore, the ABCC cryptocurrency exchange announced a partnership with altcoin Tron, yesterday. Their bond is aimed at listing tokens in accordance with Tron’s TRC10 technical standard.