Topic: Binance To Add "USD To Crypto" Trading Pairs Soon (Read 231 times)
That will be a smart move from Binance and a good news for cryptocurrency. I am pretty sure that Binance will get more traders and will be the king of crypto exchange once that happen. The question is, how much money do they have to backed those fiat currency? Will there be an ESCROW option once they implemented the fiat currency option just like TUSD in bittrex? Got to keep an eye with this update. This is getting more interesting.
Awesome news, one step closer to adopting crypto and taking it seriously I think. Hope more platforms do the same! 
This sounds like really good news for crypto in general. Binance is really starting to stand out as a great exchange, and this is the sort of move that will help to bring crypto to the masses. I hope it all goes through as planned.
"Opening an office on Malta gives Binance several advantages. One of which is that they can start to set up a fiat-to-crypto trading pair, allowing people to purchase crypto directly with USD or the Euro. Before, people had to purchase Bitcoin from other exchanges and then move it into Binance to purchase altcoins."
Source - http://thebitplex.com/2018/03/23/binance-malta/
Assuming everything goes well, do you think this will kill coinbase or tether? Thoughts?
Source - http://thebitplex.com/2018/03/23/binance-malta/
Assuming everything goes well, do you think this will kill coinbase or tether? Thoughts?
excellent news, that will help the community I believe as Binance is number 1 exchange. I guess we can see some more fiat flawing in crypto markets after this.
"Opening an office on Malta gives Binance several advantages. One of which is that they can start to set up a fiat-to-crypto trading pair, allowing people to purchase crypto directly with USD or the Euro. Before, people had to purchase Bitcoin from other exchanges and then move it into Binance to purchase altcoins."
Source - http://thebitplex.com/2018/03/23/binance-malta/
Assuming everything goes well, do you think this will kill coinbase or tether? Thoughts?
Source - http://thebitplex.com/2018/03/23/binance-malta/
Assuming everything goes well, do you think this will kill coinbase or tether? Thoughts?
Nope, because they can't operate with that on US soil anyway.
It's bad for them I believe, they'll just put themselves on the crosshairs of regulators, and would probably get taxed too.
It will be very convenient but how the regulators will react to it to buy directly for the dollar and the Euro,and of course this is the good news from binance.
I think it a really good thing, if the USD has no conversion fee, like other exchanges but if USD to bitcoin will have a conversion fee, I think this USD to Bitcoin can only be used in buying and withdrawing.
and Tether will still be useful because we only need to pay the trading fee of binance which is very small.
and Tether will still be useful because we only need to pay the trading fee of binance which is very small.
Would love to have USD/coins pairs! I like to trade USDT pairs on Huobi/ Okex/ Zb now because I can estimate the pricing well. Using BTC/ ETH pairs are confusing sometimes...
And the best part is USD wont drop during dump hehe
And the best part is USD wont drop during dump hehe
I think it would be much more better if crypto-fiat to further lessen the transaction fees that goes from converting to altcoins-eth-btc.
Yeah, they will get extended scopes there. Sometimes it takes a little bit time to set up business in new place.But big companies know how to handle it. Killing other exchanges or not, I think it will be good for Binance.
"Opening an office on Malta gives Binance several advantages. One of which is that they can start to set up a fiat-to-crypto trading pair, allowing people to purchase crypto directly with USD or the Euro. Before, people had to purchase Bitcoin from other exchanges and then move it into Binance to purchase altcoins."
Source - http://thebitplex.com/2018/03/23/binance-malta/
Assuming everything goes well, do you think this will kill coinbase or tether? Thoughts?
Source - http://thebitplex.com/2018/03/23/binance-malta/
Assuming everything goes well, do you think this will kill coinbase or tether? Thoughts?
I am not sure with this news and maybe it needs time to prove it but I don't think that this will kill coinbase or tether and I hope it could give support for the cryptocurrency. but I think it will make people easier to buy bitcoin because they can buy with USD and Euro which available in their country. and I am sure that this will help for bitcoin to be famous in that country.
"Opening an office on Malta gives Binance several advantages. One of which is that they can start to set up a fiat-to-crypto trading pair, allowing people to purchase crypto directly with USD or the Euro. Before, people had to purchase Bitcoin from other exchanges and then move it into Binance to purchase altcoins."
Source - http://thebitplex.com/2018/03/23/binance-malta/
Assuming everything goes well, do you think this will kill coinbase or tether? Thoughts?
Source - http://thebitplex.com/2018/03/23/binance-malta/
Assuming everything goes well, do you think this will kill coinbase or tether? Thoughts?
I agree this is good news. If having a USD/Crypto pair was a killer then gdax would have killed binance which it did not of course. the coinbase stronghold will continue for newbies into the foreseeable future. binance has had to halt new registrations several times, so demand is still strong and enough supply for all the major exchanges to benefit and prosper.
I hope this is can be reality soon because i prefer to trade crypto paired with USD. At the moment i trade on Binance only in pair USDT and i also used exchange of gate.io to trade others coins with USDT. But in Binance has more liquidity because the volume bigger.
That is very big news and it will help a lot of user to buy cryptocoins directly from usd.
But this may impact btc as well
But this may impact btc as well
Not sure how complicated the process will be for binance but its a good news anymore, BNB is kinda strengthen these days from this particular news and we hope to see more updates from them.
"Opening an office on Malta gives Binance several advantages. One of which is that they can start to set up a fiat-to-crypto trading pair, allowing people to purchase crypto directly with USD or the Euro. Before, people had to purchase Bitcoin from other exchanges and then move it into Binance to purchase altcoins."
Source - http://thebitplex.com/2018/03/23/binance-malta/
Assuming everything goes well, do you think this will kill coinbase or tether? Thoughts?
Source - http://thebitplex.com/2018/03/23/binance-malta/
Assuming everything goes well, do you think this will kill coinbase or tether? Thoughts?
If this is the case, I believe binance's trading volume will become very scary, and I think it is really possible to kill coinbase and tether.
After all, the strength of binance is still very powerful, and if people can use the fiat who would like to use usdt?
This could cause people to leave coinbase and use binance to convert crypto to usd because coinbase has already send info to the IRS for some traders. But I expect large transaction/transfer fees when you convert to USD and transfer money out to a bank account. So in the future, if people want to sell their coins for usd and don't want their info going to the IRS, they will use Binance. And people who don't want to pay huge fees will continue to use coinbase.
Great news! Way to go for Binance on keeps on improving and making our lives easier. This will definitely help up us a lot to remove or lessen the fees whenever we purchase crypto to other exchange and transfer to the other. It might have an issue since it is fiat that is being regulated by government but still this will work for us. Hope to see this soon.
Binance’s operations has moved to Malta, a friendly island nation in the European Union. Binance’s headquarters are in Hong Kong, but they have always wanted to move out. China has unpredictable cryptocurrency regulations, so Binance wanted to find a new permanent base. They applied to move to Japan, but after the Japanese Financial Services Agency issued a warning to the exchange, they decided to move to Malta.
That will give a lot of good food for the conspiracy theory adepts. Malta.
The thought of purchasing crypto directly with USD maybe good, but we don't know yet how would they implement it. If you're willing to use it regardless of the process, then it's okay, else you'll wait and see first. Anyway, we don't know when is "soon" so...
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