Binance baut seine FIAT Gateways weiter aus...
Schon interessant, wie Binance nun den Devisenhandel einführt, so nebenbei
Crypto exchange Binance has taken some major steps in setting new standards for cryptocurrency services. Adding support for the Ukrainian national currency, signing a memorandum of understanding (MOU) with the Ukrainian government, and implementing a cryptographic protocol for distributed key generation and signing – these are only a few achievements of the company led by Changpeng Zhao (CZ).
CZ Extends Support for Fiat Currencies
Last month, we reported that Binance added the first fiat pairs, allowing users to buy Bitcoin, Binance Coin, and BUSD with Naira, the national currency of Nigeria. Back then, CZ said that more fiat currencies would follow, and he meant it.
Yesterday, the CEO announced in a tweet that the crypto exchange platform enabled deposits and withdrawals of Hryvnia (UAH), the national currency of Ukraine. Users will be able to buy and sell cryptocurrencies with UAH starting from today.
https://bitcoinist.com/is-binance-trying-to-become-crypto-standard-for-the-world/Naira Become First Fiat Currency on Binance
Most top exchanges that provide fiat-to-crypto trading services focus on the US dollar, or at least on the euro or yen. This is because they are the most traded currencies, with the USD enjoying the status of a global reserve currency. Nevertheless, Binance went the other way by adding the national currency of an African country as its first fiat service.
Last month, we reported that Bitcoin was the most popular particularly in Africa and especially in Nigeria. The country leads the current ranking of top regions where the Google search trends of “Bitcoin” term note the highest frequency.
Nigeria is struggling with a humanitarian crisis in its north-eastern side, which affects the economy. Citizens find it difficult to use their national currency as a store of value as Naira devalues from year to year. Now they can use Binance to buy Bitcoin, BUSD or BNB in exchange for Naira.
Binance launched the new fiat solution in partnership with payment system, Flutterwave.
Naira Tumbles 18% Against US Dollar
Interestingly, USD/NGN rose almost 18% yesterday, hitting a new record high at 361. Previously, one US dollar bought about 306 Naira. The pair had fluctuated between $300 and $330 for about three years. The last time when USD/NGN traded above $350 was in the summer of 2016, and it lasted a few days only.
https://bitcoinist.com/binance-adds-nigerian-naira-as-first-ever-fiat-trading-pair/ 
