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An important exchange of cryptocurrencies Binance is expanding into European markets with the launch of a new platform for fiat-to-cryptocurrency trading, according to a press release shared with Cointelegraph on 16 January.
According to the release, Binance is launching a new trading platform, dubbed the Binance Jersey, designed for fiat-to-crypto trading of the euro (EUR) and the British pound (GBP) with Bitcoin (BTC) and Ethereum (ETH) in Europe and the United Kingdom.
Trading on Binance Jersey – including pairs such as BTC / GBP, ETH / GBP, BTC / EUR and ETH / EUR – will become available to exchange users after verification of the account in accordance with the Know Your Customer (KYC) process .
In the press release, Binance highlighted that an expansion in European markets could provide "freedom from the looming uncertainty of Brexit, where even the pound and the euro are worried".
In August, the largest exchange of crypto and Coinbase wallet had opened an office in Dublin as reported as part of an emergency plan for when the U.K. leave the European Union.
In June, Binance signed a memorandum of understanding with an independent organization representing the digital industries of Jersey, Digital Jersey.
The collaboration is intended to provide training as part of the digital skills program of the organization with the aim of promoting the blockchain industry in Jersey, as well as supporting Binance in discussions on compliance with anti-money laundering regulations.
As part of the expansion of its token offering, Binance opened two pair trading using Ripple (XRP) as a quote currency last month.
Previously, Binance added the stationary USD currency of Circle as an investment currency for several new trading pairs in its combined Stablecoin (USDⓈ) market, including the Binance Coin native trading chip (BNB / USDC), Bitcoin (BTC / USDC) ), Ethereum (ETH / USDC), Ripple (XRP / USDC), EOS (EOS / USDC) and Stellar (XLM / USDC). In addition, Binance also added a USDC trading pair with colleague Stacein Tether.
Yesterday, Belarus launched a trading platform that allows users to purchase token versions of gold and other traditional assets, receiving approximately 2,000 applications for registration within the first two hours of launch.
Also yesterday, the ABCC encryption exchange announced a partnership with Altcoin Tron to list tokens based on Tron's TRC10 technical standard.
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