Topic: Binance will allow CRYPTO/EURO trading from 2018 (Read 242 times)
This is a good welcome development for allowing users to do trading with crypto/euro is a welcome development, what i say is that hope their system is build and strong enough to stop scammers and hackers not to do fake trade or scam people after they have payed to the trader account.
According to the news article by Bloomberg, the trading pair of EURO will be added before the end of this year. As we know that that te Binance is now based in Malta. The CEO of Binance Zhao Cangpeng reported the plan is in underway to have other fiat currencies trading against cryptocurrencies as well.
You can also read the full report on this news here https://cryptorecorder.com/2018/06/12/binance-continues-to-set-the-pace-crypto-to-euro-trading-pairs-are-coming-soon/
You can also read the full report on this news here https://cryptorecorder.com/2018/06/12/binance-continues-to-set-the-pace-crypto-to-euro-trading-pairs-are-coming-soon/
It will make it an attractive alternative for investors. It will be good for future development Binance I believe that Binance exchanges a great cryptocurrency and their decision is right and great.
Binance is raising :After quadrupling its number of users since the beginning of the year, the second largest exchange platform of Cryptos announces the arrival of exchange pairs in euros this year.
Binance has therefore unsheathed a weight argument with the addition of the euro as currency of exchange, from 2018.
Even if the addition of the European currency is going to attract investors who want to use their euros directly, this might scare some others. Binance has therefore unsheathed a weight argument with the addition of the euro as currency of exchange, from 2018.
Also the introduction by binance of trading via fiduciary currencies will subject the company to a series of regulations that could discourage those who, among its current users, prefer to trade anonymously.
More info : https://www.ccn.com/binance-has-quadrupled-its-user-base-since-january-will-launch-eur-pairs/
Having EURO pair will be good in most case.
Do you think they will not require us to submit documents like passports and drivers license?
The time bittrex did this mandatory submission of ID, they lost a lot of users. I think I only register in binance and not submit anything to it and yet I'm allowed to make transactions.
Since banks are involved, they will most likely want KYC documents prior to FIAT deposits and withdrawals. Another question is whether they would support all countries or be like Coinbase and support only a handful of countries.
Binance is raising :After quadrupling its number of users since the beginning of the year, the second largest exchange platform of Cryptos announces the arrival of exchange pairs in euros this year.
Binance has therefore unsheathed a weight argument with the addition of the euro as currency of exchange, from 2018.
Even if the addition of the European currency is going to attract investors who want to use their euros directly, this might scare some others. Binance has therefore unsheathed a weight argument with the addition of the euro as currency of exchange, from 2018.
Also the introduction by binance of trading via fiduciary currencies will subject the company to a series of regulations that could discourage those who, among its current users, prefer to trade anonymously.
More info : https://www.ccn.com/binance-has-quadrupled-its-user-base-since-january-will-launch-eur-pairs/
Having EURO pair will be good in most case.
Do you think they will not require us to submit documents like passports and drivers license?
The time bittrex did this mandatory submission of ID, they lost a lot of users. I think I only register in binance and not submit anything to it and yet I'm allowed to make transactions.
Wow, that is really big if true! I remember the founder of Binance saying they won't be adding fiat pairs anytime soon so I'm a bit sceptical about this.
Binance is raising :After quadrupling its number of users since the beginning of the year, the second largest exchange platform of Cryptos announces the arrival of exchange pairs in euros this year.
Binance has therefore unsheathed a weight argument with the addition of the euro as currency of exchange, from 2018.
Binance has therefore unsheathed a weight argument with the addition of the euro as currency of exchange, from 2018.
This will be good. EUR is the second most used fiat currency by cryptocurrency.
As expected of binance, it is the no 1 international cryptocurrency exchange. i am using binance for long time and it is good.
Interesting but not surprising as Binance had already let know of its intentions to base their business in Malta. But isn't Malta a member state of the European Union? So, I think there will be some trouble with the EU officials, but hope they will be able to sort this out.
Cryptocurrency is very popular in Europe! Many Europeans invest in cryptocurrencies!
Binance now establishes its headquarters in Malta and carries out EURO transactions to expand its business in Europe!
Binance recently added the TrueUSD (TUSD) to its offer, in addition to the Tether USDT, but this does not seem to be enough for the rapidly expanding exchange. Binance now establishes its headquarters in Malta and carries out EURO transactions to expand its business in Europe!
That's great news that we can even trade with euros on binnacle crypto exchange. The exciting thing is that the daily volume will be also increased and binnacle has been managing all these volumes daily and they have expertise in managing the show. I would love to see even more features on binance and allow other currencies as well slowly especially the major ones.
Difficult to say in advance if the flow of incoming users will be greater than the outgoing stream, but one thing is sure on the other hand: Binance is constantly evolving to try to seize the coveted position of trading platform No. 1 of the World of Crypto.
do you have a reliable source for this one? Thanks
A welcome note from Binance. This will lead to greater variety, easier to trade in tokens. It may also be to reduce the impact of Bitcoin.
I don't expect it to have any negative impact on bitcoin rather it will create a means that cryptos will further emerge as a popular option and competing currency to fiat.
Consequently, the best that will happen is that, we could have a high value coins in the move but this won't affect bitcoin. Nice news from nuance.
Cryptocurrency is very popular in Europe! Many Europeans invest in cryptocurrencies!
Binance now establishes its headquarters in Malta and carries out EURO transactions to expand its business in Europe!
Binance now establishes its headquarters in Malta and carries out EURO transactions to expand its business in Europe!
A welcome note from Binance. This will lead to greater variety, easier to trade in tokens. It may also be to reduce the impact of Bitcoin.
I think it will be a great opportunity for the investors who want to invest direct through euro. It will make the investors more interested to be in crypto industry. And binance is really great platform for the support to their customers.
I generally can not understand the advantage of the appearance of a pair of CRYPTO / EURO? I have been trading for a little over a year and I have not experienced problems with withdrawal of money, you can withdraw BTC on advcash.com and there they are automatically converted into $, with no commissions for withdrawal.
Binance always take some different decision towards the market. And I think this is one of their great ones. Through the implementation they are setping towards the investors and I think investors will also move towards them for early investment.
Well, there's nothing to be hyped or afraid for people in here. I believe that binance is a great cryptocurrency exchange and their decisions are great. There's no question for that.
Binance is a lot of investors believe and use in the past. I think they have a great team and every day they develop and build Binance exchanges which are better
but also it is because adding fiat has a lot of hassle for AML KYC stuff and that may turn a lot of users away from their platform because people want to trade altcoins without needing to submit their identity!
Would it be possible for them to implement KYC only for those accounts which are depositing/trading/withdrawing fiat, and leave their current policy in place for accounts which only trade in cryptocurrencies?
what "I" think is that it should be possible because fiat only requires all that KYC AML stuff not cryptocurrencies.
but from what I have seen so far, when exchanges are planning to add fiat markets they ask all their users to submit their documents and verify their accounts. possibly because the regulation officers don't care about what the users are doing, only that they are users of this platform and need to obey the KYC laws.
but also it is because adding fiat has a lot of hassle for AML KYC stuff and that may turn a lot of users away from their platform because people want to trade altcoins without needing to submit their identity!
Would it be possible for them to implement KYC only for those accounts which are depositing/trading/withdrawing fiat, and leave their current policy in place for accounts which only trade in cryptocurrencies?
Jump to: