The leading cryptocurrency exchange Binance is getting ready to offer new fiat-to-crypto trading pairs with the Russian ruble (RUB). This is according to the CEO and co-founder of the platform, Changpeng Zhao, that said this at the Open Innovations 2019 conference in Moscow on Monday.
Binance To Offer Russian Ruble Pairs
Binance continues with its expansion in the market. As one of the largest crypto exchanges in the world, they want to attract more users and offer new services to their current clients.
This time, Changpeng Zhao, announced that they are going to add support for fiat trading on their platform. They will be adding the Russian ruble as the first fiat currency to be traded on the main Binance exchange.
There have been many different initiatives promoted by Binance that aimed at offering fiat on-ramps for individuals around the world to start investing in cryptocurrencies.
For example, the company launched a cryptocurrency exchange located in Jersey that offered support to Bitcoin (BTC), Ethereum (ETH), the British pound (GBP) and the euro (EUR).
Although this exchange didn’t have large amounts of traded volume, the platform was one of the first fiat on-ramps launched by Binance.
Before this platform, Binance launched in Uganda offering support for the local currency. Users that get registered at the exchange will be able to trade Bitcoin and Ethereum against the Ugandan shilling (UGX).
In addition to it, Binance launched a local fiat gateway for individuals in Singapore that are able to have access to the cryptocurrency market with the Singapore dollar (SDG).
Finally, Binance launched the recognized platform Binance.US for citizens in the country. It is possible for clients to have access to a large number of cryptocurrencies paired with the U.S. dollar (USD).
Investors are currently waiting for Bitcoin to be able to start growing once again. Meanwhile, cryptocurrency companies such as Binance are doing everything they are able to help newcomers enter the market as soon as they decide to do so.
Fiat gateways have always been a demanded tool for individuals to enter the market. Nowadays, Binance is much more prepared than before to onboard new users as soon as Bitcoin starts growing once again and attracting investors.
In the last 24 hours, Binance is the 9th largest cryptocurrency exchange in terms of volume traded on its platform. The exchange handled $808 million with BTC/USDT, ETH/USDT and BNB/USDT being the trading pairs with the highest volume.