Topic: FIAT pairs in exchange - page 2. (Read 251 times)
It seems to me that they don't want to receive the status of a banking structure and incur obligations.
To offer fiat pairs, deposits and withdrawals, exchanges need to reach an agreement with a bank, and it seems there are not many banks willing to offer this service right now. On the other hand, exchanges have realized is more comfortable for them to offer stablecoins pairs since, for some reason, users believe they are really backed by real money.
It is because the price of the fiat was totally fixed. Not like the cryptocurrencies that their price was volatile. So at any moment it can change in low price or in high price. And those fiat pairs are like the safe haven of the investors if they are experiencing loss of their token holdings.
fiat is used for a non-digital exchange, some exchanges connect fiat with cryptocurrency to convert it into physical money that can be used legally, and that is also limited, such as dollars and some currencies in several countries according to the appropriate exchange
Some exchanges do not offer FIAT pairs.
Is that due to regulations or for their own safety to not involve physical money?
Is that due to regulations or for their own safety to not involve physical money?
I think they are just open for the opportunities of cryptocurrencies. As I am expecting, maybe fiats will be replaced by cryptos just like this "would you like to exchange your past with your future"? and soon you will realize how flexible cryptocurrency is.
Some exchanges do not offer FIAT pairs.
Is that due to regulations or for their own safety to not involve physical money?
Is that due to regulations or for their own safety to not involve physical money?
I'm not sure what exchanges your using... maybe it's that Yobit I keep hearing about?
Anyways, I'm pretty sure most exchanges don't do physical money... I mean, crypto-currency is digital.
If your considering USDT as a physical dollar... well, it's actually only $0.971, and it's a digital backed asset, so it's not.
I would assume, exchanges just don't want' to deal with the bullshit pegged cryptos that are traditionally broken
I think regulation it the main reason. Cryptocurrency exchanges should do many things to receive license to have permissions to trade between cryptocurrencies and fiat money.
That's what they think and believe better for their operations. But as I see, most of the well known exchange does have fiat pairs and majority of them will never gone its btc pairs so I think for them, btc pairs is already enough.
Some exchanges do not offer FIAT pairs.
Is that due to regulations or for their own safety to not involve physical money?
Because they have not yet passed the regulation. I remember most of the exchange sites are accepting fiat pairs are major exchange sites. But some small exchange sites have already started to offer that service because they have passed the regulation. Is that due to regulations or for their own safety to not involve physical money?
I think that the exchanges simply cannot agree on how to add a dollar and first of all get this permission
If they offer FIAT pairs they have to do KYC and respect a ton of government regulations regarding personal information, money laundering, etc. I have no idea what regulations exactly they have to deal with, but I can imagine how complex this matter is. For example, not so long ago Coinbase was asked to provide their client's private info to the IRS. Among the other things and to avoid similar problems, some exchanges don't do fiat pairs. Binance is a good example.
Ironic due to this all altcoins are very much linked to BTC.
This need to change at some point.
This need to change at some point.
I think that in most of cases is because of regulations and more control from financial authorities, so that only main and big exchanges allows FIAT pairs with USD and EUR
Some exchanges do not offer FIAT pairs.
Is that due to regulations or for their own safety to not involve physical money?
Is that due to regulations or for their own safety to not involve physical money?
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