Binance Lists Euro Based Crypto Pairs as CZ Plans Listing 180 Fiat-Crypto Pairs in 2020
Binance, one of the top cryptocurrency exchanges, has affirmed that it has started offering euro (EUR) based crypto pairs in the latest round of listing.
Through an official blog post made on January 3, Binance affirmed that EUR based trading pairs were offered to its clients from 8 am today. Clients were able to trade EUR against Bitcoin (BTC), XRP, Ether (ETH) and Binance Coin (BNB).
Binance will also facilitate trading against the stable coins Tether (USDT) and Binance USD (BUSD), its own native crypto.
The development has taken place following the inclusion of EUR deposits and withdrawal facility in November, in addition to Russian ruble, Kazakhstani tenge and Ukrainian hryvnia.
As a matter of fact, the exchange has been offering EUR trading pairs on its devout affiliate Binance Jersey, which was rolled out last January.
Following the aforesaid listing, the euro will have a place in the main platform of Binance, but not in the Binance US platform.
In spite of facing difficult regulatory scenarios in various countries in which it operates, Binance was able to manage by offering various levels of permission to clients based on their country of residence. The company’s executives, obviously, are optimistic about the future prospects of the company.
In a blog post welcoming 2020, Binance CEO Changpeng Zhao, popularly referred to as “CZ” in cryptocurrency communities, highlighted 2019 as a year of groundwork.
CZ also wrote about the company’s plans for the upcoming twelve months:
“One of our key goals for 2020 is to bring crypto to the masses. For this, we aim to enable fiat-to-crypto trading for 180+ fiat currencies.”
Furthermore, CZ stated that Binance would acquire at least two firms and the takeover will have a “significant impact” on the cryptocurrency industry.