The largest Crypto exchange in the world Binance is expanding into the European markets by launching a new Cryptocurrency exchange with EUR/GBP fiat pairs based out of Jersey.
The Malta-based exchange giant announced on Wednesday that customers will be able to trade Bitcoin (BTC) and Ethereum (ETH) with Euro and British Pound (GBP) fiat pairs via its new exchange Binance.je.
“Binance is excited to announce that Binance’s EUR/GBP Fiat Exchange, Binance.je, is now online, with trading in BTC/GBP, ETH/GBP, BTC/EUR and ETH/EUR trading pairs now open. “
Changpeng Zhao, CEO of Binance tweeted:
The new exchange supports most of the European countries including France, the United Kingdom (UK). Germany, Spain, and others. Binance.je will also cater to customers outside Europe including:
Argentina, Australia, Brazil, Canada, Chile, Eswatini (formerly Swaziland), Hong Kong, Israel, Jamaica, Japan, Macau, Mauritius , Mexico, New Zealand, Peru, Singapore, South Korea, United Arab Emirates (UAR) and Uruguay.
Binance has also announced a reward of 20 EUR to the first 5,000 users to register and complete Account Verification (KYC) on their new exchange.
Jersey is the largest island situated between England and France. Binance has been working with the development agency Digital Jersey to develop and launch the exchange. Binance Jersey will be a separate entity independent of the main Crypto to Crypto exchange based out of Malta.
The exchange’s chief financial officer, Wei Zhou, told CoinDesk:
“Binance selected Jersey for its highly developed digital infrastructure, robust regulatory framework, and world-class financial services sector,”
Malta-based Binance is also planning to launch a decentralized exchange (DEX) soon.
Image Source (Modified): Flickr
Also Read:
Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
This Week in Stablecoins: Blockchain technology is no longer just the playground of crypto enthusiasts…
What Is the Right Now? Cryptocurrencies are in a rough patch, with prices tumbling across…
Solana Blockchain Explained: Understanding the Imagine a blockchain that processes thousands of transactions per second…
Introduction: A Booming Era for Crypto Exchanges The world of cryptocurrency is evolving faster than…
In the ever-volatile world of cryptocurrency, Bitcoin (BTC) is once again capturing headlines with a…
Cryptocurrency is not , its value is ‘’: In a bold statement that has sparked…