One of the world’s premier cryptocurrency exchanges, Malta-based Binance, has announced initiating trading for BTC, ETH, XRP, BNB, BUSD, and USDT against the Euro, on 3 January 2020, in line with its plans to facilitate more fiat gateways for the growing crypto-community.
The official announcement read,
“Binance will open trading for BTC/EUR, ETH/EUR, BNB/EUR, XRP/EUR, EUR/BUSD, and EUR/USDT trading pairs at 2020/01/03 8:00 AM (UTC).”
Binance had previously added payment solutions to buy cryptocurrencies in Euro. However, there weren’t any trading pairs available in Euro. The present development helps crypto-traders directly trade the aforementioned cryptocurrencies in Euro.
Earlier in December 2019, the platform had also added Russian Ruble (RUB) trading pairs to its USD trading market. By doing this, Binance allowed users to trade major cryptocurrencies, including its native currency Binance Coin (BNB), along with Bitcoin (BTC), Ethereum (ETH), and XRP against RUB. The cryptocurrency exchange also catered to the Turkish market by announcing its Turkish Lira fiat gateway on 25 December 2019, one allowing users to trade Tether (USDT) against the Turkish lira (USDT/TRY) and the Russian ruble (USDT/RUB).
In other news, Binance also revealed that it has big plans for 2020, according to a letter penned by CEO Changpeng Zhao on 2 January. Zhao noted that the development of a new “incentive structure” designed to replace the standard employee stock ownership plan was among the goals for 2020.
The letter also spoke about what could be in store for the crypto-industry in the coming year.
“2019 has seen some significant positive changes in attitudes of many governments around the world towards blockchain and crypto adoption. From Bermuda accepting BUSD for tax payments to China going all-in on the blockchain, we may have just crossed the threshold point of “adopt blockchain or be left behind” for the rest of the governments. As a result, we should see many more governments rushing to blockchain in 2020.”