It was earlier reported that World’s largest Crypto Exchange Binance was exploring fiat trading options in collaboration with several banks and would allow users to buy digital assets with US Dollars.
At the moment, investors have to go through a lengthy, time and money consuming process to buy high cap coins, like Bitcoin and Ethereum, and invest in digital assets. For such trading system, many investors loose interest in investing in crypto trading.
Binance, a forward-thinking company has considered adopting the fiat trading system to ease the investment process and open up the market to many new investors who were reluctant because of the current trading system.
This news has boosted the trading volume of Binance with over $2 billion in the past 24 hours. The US dollar market is also affected by the news and also showed a significant upward trend over the last 24 hours.
However, a spokesperson from Binance rejected the idea of collaborating with US Dollars and termed it as “fake news”. Hours later, Binance CEO Changpeng Zhao also confirmed on Twitter that, although they are working with Banks for potential fiat options, there are no plans including US Dollars in near future.
Banks won't allow it.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Binance is by far the best exchange! Best of luck to them! Upvoted!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
just tried binance looks like a great exchange
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
brother you any comment awesome please give me one upvote thank you so much
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Indeed! It's one of the largest. :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Since they chose Malta for operations we should expect Euro pairs.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think, having moved to malta, they will first allow euro crypto pairs, then gbp and then usd. Asian currencies will follow later and developing nations will have to wait a long time as those nations have some form of control over currency transfers.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I do not see the need of binance adding up a fiat pair trading in their system since they already have a pegged USD pair in their platform.if individual want to withdraw fiat money,they can do it in their tether account provided their account is verified
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great article and very informative, thanks for sharing. I've smashed the upvote button for you!
If you are looking to get hold of some crypto without investing or mining, look into https://www.crowdholding.com. They are a co-creation platform were you get rewarded for giving feedback to crypto startups on the platform. You can earn Crowdholding's token as well as DeepOnion, ITT, Smartcash and many other ERC-20 tokens.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thanks for the binance update, hope it comes up with lots of awesome features soon 😊
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Really! That's good! I think Binance is trying to level up their service which is good for their traders.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thats Good? Really? How? Please explain.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Uff, hopefully they will bring it in future. Actually i believe this is a minor drawback for binance.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
wont need coinbase soon!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Did you read the article fully bro? It's not accepting anytime soon :D
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You have a good blog, I followed you. I hope that you follow me, let's develop Steemit together and develop even…
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'm not here for only follow-unfollow purpose :) Let's build a community of value instead :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
i dont think banks will allow it nowadays. thanks for your share though
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
There is little doubt on how big Binance exactly is but let’s be honest. This is not thinkable for a NORMAL ICO owner (creator), as this is something that is well known. This is why I little care about Binance and what goes on there UNLESS they allow normal ICOs.
I feel extremely top on with Coinbed, as it to me is just ROCKING! Not only have they allowed ICO owners the leverage in terms of low cost but also ease. To me this is what makes them SO special. http://www.coinbed.io/
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Too much regulation for usd. Even as a us citizen i try to use as little usd as possible.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Haha! Indeed! USA always wants to regulate things that they are afraid of :P
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit