The world’s largest cryptocurrency exchange Binanace is set to soon launch fiat-to-crypto trading pairs commencing first with Russian rubles.
This piece of information was passed across by CEO at Binance Changpeng Zhao popularly known as “CZ” at the Open Innovations Conference at Moscow.
CZ stated “In about two weeks or so, we should have support for Russian rubles trading directly. So you [will be able to] buy cryptocurrencies on Binance.com using rubles.”
Binance has launched several local fiats in four countries which are Singapore, Uganda, Jersey, and its US platform recently included Federal Deposit Insurance Corporation (FDIC) coverage for its USD deposits.
Earlier last month CZ announced that Binance “will continue to build fiat-to-crypto gateways in our effort to increase accessibility and adoption of crypto” when it added its support for Koinal.