Binance Welcomes Euro Trading
In a bold move towards expanding its fiat offerings, Binance has officially kicked off Euro trading against six popular cryptocurrencies. Users can now swap their euros for Bitcoin (BTC), Ether (ETH), XRP, Binance Coin (BNB), and trade against two stablecoins—Tether (USDT) and its own Binance USD (BUSD). Welcome to the euro zone of crypto!
When Does the Show Start?
Mark your calendars for January 3rd at 8 am (UTC), when the trading pairs will officially go live. It’s like being in line for the latest smartphone release, but way cooler—you’ll be trading real money for digital gold instead!
Building on a Strong Foundation
This latest update isn’t just a flash in the pan. Binance had already introduced euro deposits and withdrawals back in November, adding to services offered for other currencies like the Russian ruble and Ukrainian hryvnia. Let’s just say, the euros are flowing like a fine wine.
More than Just a Jersey Thing
Interestingly, Binance has been ahead of the curve with euros, as it has already provided EUR trading pairs on its subsidiary platform, Binance Jersey, since its launch last year. But now, the main Binance platform is catching up, leaving only Binance US in the dust regarding this currency as of now. Guess it’s all about keeping things fresh!
Looking Ahead: CZ’s Vision
Amidst this exciting expansion, CEO Changpeng Zhao (CZ) isn’t just resting on his laurels. Exuding confidence, he emphasized in his New Year’s message that 2019 was merely a stepping stone. For 2020, their goal is to facilitate fiat-to-crypto trading across over 180 fiat currencies. They really mean business! And rumor has it, they’re in the market to acquire a couple of firms that could shake things up significantly. So, stay tuned!