Binance is on its way to open doors for more and more fiat currencies in exchange for cryptocurrencies. The latest post on the part of Binance unveils that they are going to add EUR against six cryptocurrencies for trading.
The blog post on Jan.3 confirmed the trading of EUR against six digital currencies including Bitcoin (BTC), Ethereum (Eth), and Binance token (BNB) token. The stablecoins are also included in the list for trading including Tether (USDT) and Binance USD (BUSD).
— Binance (@binance) January 3, 2020
The crypto exchange is working on the EUR services from time as in November, Binance allowed deposits as well as withdrawals in EUR. It is reported that Binance Jersey started trading pairs of cryptos with EUR last January but now, the main platform of Binance is offering trading in EUR pairs that is great news for the users from the European countries.
Big plan for 2020
Currently, they are adding support for one fiat currency but they have a big plan in 2020. It seems that they changed their regulatory policy to expand its platform for more and more traders across the world.
He said about the cryptocurrencies that will be added in 2020:
One of our key goals for 2020 is to bring crypto to the masses. For this, we aim to enable fiat-to-crypto trading for 180+ fiat currencies.
The big plan for the newly started year is expressed by the Chief Executive Officer Changpeng Zhoa in his post on Jan.2. According to him, 2019 was the foundation for the company.
CZ said in a letter on Jan.2:
2019 has seen some significant positive changes in attitudes of many governments around the world towards blockchain and crypto adoption. From Bermuda accepting BUSD for tax payments to China going all-in on the blockchain, we may have just crossed the threshold point of “adopt blockchain or be left behind” for the rest of the governments. As a result, we should see many more governments rushing to blockchain in 2020.