Binance crypto exchange added five new fiat currencies

by in Cryptocurrency News


Binance decided to enlarge support for fiat money by adding 5 more currencies. It seems that the platform plan to introduce 180 fiat currencies before the end of 2020 is being implemented successfully.

On April 10, the exchange published that now owners of Colombian pesos (COP), South Korean won (KRW), Kenyan shillings (KES), Kazakhstan tenge (KZT) and Peruvian new salts (PEN) can directly buy cryptocurrencies using credit or debit cards.

The indicated fiat money can be immediately exchanged for 15 different types of cryptocurrencies, including bitcoin, ether, and stablecoins. Besides, the exchange promises to introduce trading pairs where the above fiat money will be traded against BTC, ETH, BNB, XRP, USDT, and BUSD.

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Binance has entered several fiat markets, which also involve the euro, Russian ruble, and Turkish lira. The platform also offers P2P services with RMB and some other fiat currencies.