Binance, the world’s largest exchange in term of trading volume has announced that they will start Euro trading pairs this year. The news was announced by Binance Cheif Executive Officer CZ to Bloomberg.
The Crypto-Fiat trading pair would start from their Malta headquarters. Moreover, CZ also said that they plan to add other fiat trading pairs too.
Many exchanges prefer being crypto-to-crypto due to less regulatory restrictions. Fiat to Crypto would the first for Binance, a move which probably would make Binance the king among the cryptocurrency exchanges.
In March, Binance moved to Malta after cryptocurrency exchange regulations tightened in Japan. Binance will soon receive an exchange license from Jersey in the Channel Islands and plans to open an office there with around 100 staff.
Binance made $150 Million profit in its first quarter, with daily trading averaging around to $1.4 – $1.5 Billion. Binance currently has 9 million active users.
Thank you for reading this article. For more latest news, updates, events and free giveaways follow us on Twitter @Blockmanity