Binance Founder: We will support the buying and selling of cryptocurrencies for 180 local coins
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Answer Binance Founder: We will support the buying and selling of cryptocurrencies for 180 local coins
CZ, CEO of Binance, revealed the platform’s plans to support 180 local currencies from around the world with the aim of facilitating the trading of digital currencies against local currencies.
Announced at the Super Meetup event in Singapore this week, CZ said: “One of the main tasks we want to do over the next few months is to add the option to trade crypto against all the local fiat currencies in the world on the platform. Binance.com platform. “
Through this step, the Binance platform intends to give customers direct access to the buying and selling offers available within the Binance platform.
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The founder of the Binance platform revealed that this goal will be achieved through cooperation with companies operating in the field and able to help Binance to add as many trading pairs as possible for local currencies against cryptocurrencies.
It is worth noting that Binance currently supports five local currencies on its platform: the Nigerian naira (NGN), the Russian ruble (RUB), the euro (EUR), the Ukrainian hryvnia (UAH) and the Kazakhstani tenge (KZT).
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These local coins were added through Binance’s collaboration with payment companies such as AdvCash and Flutterwave, and trading platforms such as Simplex and Koinal.
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