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One of the largest volume-based cryptocurrency bags in the world is expanding into the European market. With the new Binance the platform, which offers fiat-to-cryptocurrency trading options, makes over $ 700 million in transactions on a daily basis.
Binance shirt
Binance Jersey will require users to follow KYC (Know Your Customer) verification to start trading. Once the KYC process is complete, users will be able to exchange pairs such as BTC / EUR, BTC / GBP, ETH / EUR and ETH / GBP.
The announcement comes during a period of uncertainty in the European market where there are more questions regarding Brexit than ever before. This puts both the euro and the pound even in areas of interest.
Last August, Coinbase, another major cryptocurrency grant, opened an office in Dublin. The report wanted an emergency plan to be set up for when the U.K. it is no longer part of the European Union.
In June, Binance accepted a memorandum of understanding with a company representing Jersey's digital industries, called Digital Jersey. Because of this agreement, training on digital skills will be delivered to the exchange, with the intent to promote the Jersey blockchain market. Training will also support Binance when it comes to KYC and AML (Anti-Money Laundering) processes and regulations.
Binance Trading Pairs
Last month, Binance opened trading pairs to include Ripple (XRP) in an effort to expand its token offerings. Before adding Ripple as a trading pair, Binance included the currency of Circle & # 39; s USD as a listing asset for many new trading combinations. This included its own native Binance coin token as an option (BNB / USDC).
The exchange also offered other trading pairs with the USDC currency, such as BTC / USDC, EOS / USDC, ETH / USDC, XML / USDC and XRP / USDC. In addition, Binance included Tether as a stablecoin option for trading with USDC.
Other exchanges that come together
Binance is not the only exchange that makes waves on the market. Belarus has launched its own trading platform that offers users the opportunity to purchase tokenised shares of traditional activities such as gold or silver. There are reports that the exchange received over 2,000 registrants within a few hours of its launch.
Finally, the ABCC cryptocurrency platform announced that it would quote Altcoin Tron on its exchange. This means that ABCC can now list tokens that are based on the technical standard of the altcoin TRC10.
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