Over the last few years, Binance has established itself as a forte for Cryptocurrency to fiat exchange and vice versa. This has earned it a position as the top crypto exchanger. This power of establishment is perhaps Binance’s biggest strength as it has always used it to bring on board more Financial Technology solutions. Additionally, the power of establishment helps Binance stay in Business even during a Bearish market. Also, Binance promised its users that they would keep building and expanding during the Bearish market.
Yesterday, January 16, 2019, Binance announced that its cryptocurrency exchange will be adding the EURO (EUR) and the Great Britain Pound (GBP) pairs to trade. As the largest cryptocurrency exchange by 24 hour trading volume as well as capitalization power, Binance will expect the latest move to increase the overall adoption rates of cryptocurrency trading on the platform.
Direct link between crypto and fiat
Binance launched the EUR/GBP fiat exchange over at its Binance.je platform which is based in Jersey’s Channel Islands. This service will let you trade Bitcoin (BTC) and Ethereum (ETH) with Pounds (GBP) and Euros (EUR).This is a great move for Binance as it tries to stay in competition with other players in the cryptocurrency exchange market.
The fiat exchange will spark the interest of potential traders, specifically non-financial people who are new to the crypto business. Most often than not, these people wanted to see a direct link between digital currency into fiat system without requiring to have their own cryptocurrency wallets.
Registration, Deposits and Withdrawals activated
Aside from Digital currency to fiat trading, Binance.je also accepts registration, deposits and withdrawals as of today. And to encourage more traders, Binance is offering a 20 EUR reward to the first 5000 users to register at www.binance.je. Users must complete account verification (KYC) process to qualify for the reward. The promotion is valid from January 16 to 31, 2019 only.
Members and users of the Binance platf0orm were delighted with the announcement. They took to twitter to comment on the launch, commending it while others called for addition of more cryptos such as Ripple (XRP). CRYPTO IS COMING!