European and British investors looking for a gateway to covert their fiat into cryptocurrency have just gotten another venue to trade on. Popular digital exchange Binance has launched a euro and pound fiat-to-crypto trading platform in the British Crown dependency of Jersey.
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Bridging the Crypto-Fiat Channel
Malta-based cryptocurrency exchange Binance announced on Jan. 16 the official launch of Binance Jersey (Binance.je), a fiat-to-cryptocurrency platform for trading the euro (EUR) and British pound (GBP) with cryptos in Europe and the U.K. Trading pairs for the new exchange include BTC/GBP, ETH/GBP, BTC/EUR and ETH/EUR. Users will have to pass account verification procedures (KYC) to trade on the new GBP and EUR fiat exchange.
“Expanding the cryptocurrency exchange markets with fiat currencies in the European region is opening new economic opportunities for Europeans as well as freedom from looming Brexit uncertainty where the pound and euro are also in concern,” said Wei Zhou, Binance CFO. “Through Binance Jersey, we want to help bridge the crypto-fiat channel for Europe and the U.K. as part of our global expansion to support broader cryptocurrency adoption.”
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