Binance Enables Instant Purchases Of Four Major Digital Currencies With Russian Ruble
Binance Enables Instant Purchases Of Four Major Digital Currencies With Russian Ruble
February 6, 2020
Binance Enables Instant Purchases Of Four Major Digital Currencies With Russian Ruble
Binance Enables Instant Purchases Of Four Major Digital Currencies With Russian Ruble
February 6, 2020

Binance, the major cryptocurrency exchange, has enabled instant purchases of four major digital currencies with the Russian ruble.

On February 5, it has been reported that the development allows Binance users to link their Visa banking card and purchase Bitcoin (BTC), Ether (ETH), Binance Coin (BNB) and XRP with the ruble. The exchange claims that users can complete a purchase in less than a minute and do not have to make deposits prior to purchase.     

However, in the near future, Binance is planning to launch Mastercard support, as well as other currencies.

Binance silently the ruble trading at the end of October 2019, initially allowing users to deposit and withdraw in Russia’s national currency on the platform.

At the time, Changpeng Zhao (CZ), the CEO of Binance, revealed that Russia was one of the top 10 markets on the exchange.

ALSO READ :  Harmony Becomes The First Blockchain To Combine Staking Along With Sharding

Indeed, a survey by Forklog, the Russian-language crypto news outlet, released last summer indicated that Binance was the most popular cryptocurrency exchange in Russia, Ukraine, and Belarus, with nearly 60% of respondents claiming that they prefer Binance rather than other global crypto exchanges.

Likewise, in December 2019, Binance further extended trading capabilities for the Turkish lira and added a new trading pair for the lira and the ruble. Binance Turkey’s community manager told that the exchange added order book trading for all of its Turkish lira trading pairs: BTC, ETH, XRP, BNB, Binance USD (BUSD), and Tether (USDT).

Previously, these trading pairs had only been available as one-click buys or sell directly to and from the exchange.

Thus, recently, Binance launched peer-to-peer trading for the Vietnamese dong, enabling its users to directly purchase and sell major cryptocurrencies by using dong through the latest versions of the Binance P2P mobile app on iOS and Android.

Source: |


Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space. She loves writing about blockchain and other blockchain-related articles.