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Binance To Sell Cryptocurrency for Russian Rubles

22 October 2019 14:12, UTC

The popular cryptocurrency exchange Binance is ready to launch fiat trading for its customers, as announced by the CEO of exchange Changpeng ZHAO at the Open Innovations conference held in Moscow. In order to launch the innovation, the exchange will work with Russian rubles at the initial stage.

Zhao noted that over the next two weeks an option on Russian rubles should be available on the exchange, which would allow customers to buy digital assets for rubles.

Thus, Binance continues to make it possible to create additional options so that users have more opportunities to buy cryptocurrencies. Last month, the exchange entered into partnerships with the London-based processing service Koinal, which provides a payment gateway that allows users to buy digital assets using credit and debit cards by MasterCard and Visa, as well as through bank transfers. In addition to partnering with Koinal, Binance also entered into partnerships with TrustToken, Simplex and Paxos to be connected to the identical services.