Binance, the major cryptocurrency exchange has listed four new Russian ruble trading pairs.
On Dec. 2 an announcement was made by Binance stating it has listed four Russian ruble trading pairs including:
Changpeng Zhao or CZ the CEO of Binance tweeted on the development:
Direct trading pairs $BNB/RUB, BTC/RUB, ETH/RUB and XRP/RUB. More options. https://t.co/9AvkPf6TuP — CZ Binance (@cz_binance) December 2, 2019
Latest Additions By Binance
The addition of the trading pairs is followed by the announcement in October where Binance introduced ruble trading on the platform where users could then deposit and withdraw fiat funds in rubles.
Cryptocurrency exchange Binance[dot]com is soon to launch its first fiat-to-cryptocurrency trading pairs, kicking off with the Russian ruble.@binance @cz_binance https://t.co/5qUG929qPH — CoinDesk (@coindesk) October 21, 2019
In November, Binance added support for the Turkish lira and became the first exchange to add the Fiat Gateway developed by stablecoin operator Paxos. In late October, Binance launched support for the Nigerian naira.
Competitors Follow The Same Suit
Meanwhile, competitors of cryptocurrency trading platforms to Binance are also expanding their scope of operations. In mid-November, the Intercontinental Exchange (ICE) Bakkt platform has officially confirmed its forthcoming launch of a cash-settled Bitcoin (BTC) futures contract.
Source: Binance | Cointelegraph | Image: Binance