Binance about to offer Fiat-Crypto Trading. - page 3.

andika2018

member

Activity: 700

Merit: 10

Quote from: Anthony1985 on June 06, 2018, 05:05:46 PM

This would really be great if it happens, don't you think?

https://cointelegraph.com/news/exclusive-world-s-top-crypto-exchange-binance-sets-up-bank-account-in-malta/amp?__twitter_impression=true

Most big exchanger right now start to launch accepting fiat. When G20 country member regulate cryptocurrency, I am believe most exchanger will accepting fiat to trade crypto in their platform.
If Fiat accepted in any big exchanger, its good progress for cryptocurrency market and will increasing transaction volume in market. Hopely attracting new investor in market

Gabali126

jr. member

Activity: 322

Merit: 2

This will be very nice if Binance could implement fiat and crypto trading. It will also boost its presence in the market as more persons will be attracted to the Exchange. It will also make it very easy for direct withdrawals to bank account if one needs to spend fiat cash.

Heidim

jr. member

Activity: 266

Merit: 1

Binance really is one of the best exchanges around, they really do believe in " Go big or go home" I would love to only use Binance but every now and then there is a great project and then you just have to use the others because it's not on Binance yet.

paynercash

member

Activity: 392

Merit: 10

send and receive money instantly, with no hidden c

Quote from: Sowik on June 22, 2018, 09:38:39 AM

I thought the CEO of Binance said they will not be adding FIAT Pairs anytime soon or not at all, that they will keep it crypto to crypto exchange only. Maybe they will open another exchange for that?

Do not know whether it is the pleasure of the opportunity or the anxiety of this market. However, every reform has its own reason and in particular it has better features that can happen. But it is their business, and we must invest wisely and especially protect our assets against possible fluctuations.

manfredmann

member

Activity: 518

Merit: 21

So this means another earning business for binance exchange. Binance exchange are getting familiar and establish when it comes to exchange for ETH and BTC for most of the altcoins. However, since the exchange has offer about crypto trading then this would take them to another mileage on their achievement of their project being implemented.

bombie1

newbie

Activity: 112

Merit: 0

This is one of the moves we need as an industry.This is because the pairing of BTC or ETH and altcoins has an enormous effect on the market when any of the two giants prices fall.The direct measurement affects altcoins badly and the entire market suddenly look bad.But if the fiat pairing exist, there will be stability in the market even if BTC or ETH falls.This will help to reduce altcoins volatility.

cabron

hero member

Activity: 2800

Merit: 595

https://www.betcoin.ag

Binance is already known I'm just not sure if new users will come to trust putting their credit card details on it. KYC itself has prove to be scary for some users but it won't hurt to have fiat though. Money coming in from users who are willing to send GBP and USD are very much welcome in cryptosphere. They are not like coinbase who already have established but its a good option still.

Nisharawal

member

Activity: 336

Merit: 11

I am no stable coin. to the mooonn.. and back

Quote from: Anthony1985 on June 06, 2018, 05:05:46 PM

This would really be great if it happens, don't you think?

https://cointelegraph.com/news/exclusive-world-s-top-crypto-exchange-binance-sets-up-bank-account-in-malta/amp?__twitter_impression=true

Yes, I agree with this and it is going to be a great step taken by the Binance exchange and by this way they would gain more demand and new traders opening an account with them and also people who used to trade forex for investing would switch to crypto trading because previously there was no option to trade Crypto with FIAT but now trading crypto will be started soon with Fiat currencies and i think it will be a good hedging instrument for big investors also who are holding their trades in forex.

gosha18

newbie

Activity: 47

Merit: 0

It's great, only when it will be and where it will be possible to use.

Nnedaddy1

copper member

Activity: 294

Merit: 1

I can say this is a right move.
This will make it easy for investors/ traders to transact without the hassle of converting mainstream cryptocurrencies like bitcoin and ETH.
This will also helps in pushing for the widespread adoption of cryptocurrency in the society.

tintinbongs

newbie

Activity: 109

Merit: 0

Well that's great, i wonder why there are so many phishing site for binance because they keep on improving and improving. For members, be sure to use 2FA to secure your accounts.

Crystal24

newbie

Activity: 98

Merit: 0

This is a very good move, as it will go a long way in pushing for the widespread adoption of cryptocurrency.

Amber73McCoy

newbie

Activity: 34

Merit: 0

Quote from: gentlemand on June 30, 2018, 05:54:48 AM

So it's Uganda only. An interesting experiment for everyone. Binance should learn something and the locals will too. They're showing some proper vision here whereas most exchanges are still dicking around pretending to be futuristic.

Uganda is a very interesting market, with only about 11% of the population having a bank account. It will be a big challenge for us, but also an opportunity to apply for electronic money as a form of currency. This is an interesting test, Africa is a big market.

This will be "Binance's first touches on fiat," so Binance will need to focus more on anti-money laundering (AML) rules and identification (KYC)

Binance's new trading floor in Uganda will have an independent structure, but the operating system, security, will be based on the existing platform.

localcrypto

member

Activity: 287

Merit: 10

Binance is expanding in all financial areas of crypto trading right from banks t country blockchain rules and now crypto bank it is good move

gentlemand

legendary

Activity: 2590

Merit: 3014

Welt Am Draht

So it's Uganda only. An interesting experiment for everyone. Binance should learn something and the locals will too. They're showing some proper vision here whereas most exchanges are still dicking around pretending to be futuristic.

BaraxLo

hero member

Activity: 910

Merit: 512

Quote from: shadyrifles on June 27, 2018, 04:36:03 PM

Quote from: Anthony1985 on June 06, 2018, 05:05:46 PM

This would really be great if it happens, don't you think?

https://cointelegraph.com/news/exclusive-world-s-top-crypto-exchange-binance-sets-up-bank-account-in-malta/amp?__twitter_impression=true

Binance is planning to introduce crypto to fiat trading pairs, according to multiple recent reports. Binance is currently the leading exchange in terms of daily trading volume, with more than $1.3 billion in trade and is slightly ahead of OKEx.

The exchange will use its new base at Malta to introduce the new service and set up a new platform based in Malta to offer crypto-fiat pairs. Binance CEO Zhao also revealed his plans to expand operations of the exchange to the Channel Islands as it is waiting to receive a license from the authorities at Jersey. The company is also in talks with authorities and banks in Taiwan.

Well I don’t know much about this single exchange but sometimes things are not in reality as you are seeing them from another perspective. The thing is, like this exchange, may be this is supreme one already and you are only to go in there and shine your own trading. But make sure you are getting in some legit thing that would be backing you in hard times as well. Don’t be impatient.

shadyrifles

full member

Activity: 518

Merit: 101

Quote from: Anthony1985 on June 06, 2018, 05:05:46 PM

This would really be great if it happens, don't you think?

https://cointelegraph.com/news/exclusive-world-s-top-crypto-exchange-binance-sets-up-bank-account-in-malta/amp?__twitter_impression=true

Binance is planning to introduce crypto to fiat trading pairs, according to multiple recent reports. Binance is currently the leading exchange in terms of daily trading volume, with more than $1.3 billion in trade and is slightly ahead of OKEx.

The exchange will use its new base at Malta to introduce the new service and set up a new platform based in Malta to offer crypto-fiat pairs. Binance CEO Zhao also revealed his plans to expand operations of the exchange to the Channel Islands as it is waiting to receive a license from the authorities at Jersey. The company is also in talks with authorities and banks in Taiwan.

Otsu

full member

Activity: 546

Merit: 100

Quote from: Sowik on June 22, 2018, 09:38:39 AM

I thought the CEO of Binance said they will not be adding FIAT Pairs anytime soon or not at all, that they will keep it crypto to crypto exchange only. Maybe they will open another exchange for that?

I guess, this is only a idea and there is no final implementation yet. But probably in the near future they will consider this since bitcoin is getting wider and become more popular now. More big businessmen already engaged with this kind of business so there is a possibility that it can happen soon.

Camorra Dev

full member

Activity: 294

Merit: 100

Quote from: Thirdspace on June 21, 2018, 05:01:06 AM

if binance starts fiat/crypto trading then most likely they will also start allowing fiat deposit/withdrawal
and when that happens, to follow regulations they would start complying with KYC and AML rules
so... they will make user verification as mandatory Lips sealed

am I right?
if you don't like the idea of KYC stuff, withdraw your cryptos out of binance now

This can become a great opposition for those who have multiple accounts because in this case, they would need some cheat or false documents. To go with there are multiple accounts and continue to trade.

Ludji

jr. member

Activity: 112

Merit: 5

What I would like to see is Binance margin trading. I really love everything about their exchange, except the fact that they haven't yet implemented margin trading, like they said they would in the whitepaper.

Topic: Binance about to offer Fiat-Crypto Trading. - page 3. (Read 906 times)