Binance Jersey: Crypto exchange enters European markets as it launches new fiat-to-cryptocurrency trading platform
Binance, a major cryptocurrency exchange is expanding to European markets as it will launch a new fiat-to-cryptocurrency trading platform.
According to Cointelegraph, the new trading platform Binance is launching will be dubbed as Binance Jersey. It will operate fiat-to-crypto trading of Euro (EUR) and British pound (GBP) with cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) within Europe and in the United Kingdom.
The report states that the trading on Binance Jersey including pairs such as BTC/GBP, ETH/GBP, BTC/EUR and ETH/EUR will be available for the users after account verification as according to the Know Your Customer (KYC) process. Binance pointed out that the expansion into the European markets will provide “freedom from looming Brexit uncertainty where the pound and euro are also in concern.”
In June, Binance first signed a memorandum of understanding with an independent organization, representing the digital industries of Jersey, Digital Jersey. To promote the blockchain industry in Jersey, the collaboration will be delivering training programs as part of the digital skills program of the organization.
Also, last month, Binance had opened trading of two pairs using XRP as quote asset. It is a part of the expansion of the exchange’s token offering. Just prior to that, Binance added USD-pegged stablecoin USD Coin as a quote asset for many new trading pairs. Binance CEO shared the news on Twitter stating, “You asked for it, we listened. AND worked hard in the background for all this time!”
In other news, Belarus launched a trading platform on Tuesday, allowing users to buy tokenized versions of shares of traditional assets, gold and others. Reportedly, it received 2,000 registration applications in just two hours of its launch.
Recently, cryptocurrency exchange ABCC announced that it will list TRX10 tokens. In ABCC’s official statement on Twitter, the exchange wrote, “We are excited to announce our partnership with @Tronfoundation ahead of #niTROn2019! @Justinsuntron#ABCC is the 1st exchange that will list #TRX 10 tokens – We are one of the top exchanges with great security and user interface. Stay tuned! #Blockchain mass adoption is coming.”
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