Binance Announces Ruble Trading

Must Read

Ethereum Blockchain: Current news and prediction round the future

 Ethereum is more sheltered than you may think, but by means of a decentralized app or exchange that hasn't...

Racing For Heroes selects Gen2 Technologies as a Key Technology Partner

SPARKS, Nev., April 7, 2021 /PRNewswire/ -- Gen2 Technologies Inc. (the "Company") (OTC: MNIZ) is proud to...

Ken The Crypto tells You How to Get the Most out of the 2021 Bull Run

The year 2021 is what people call the "Bitcoin Year", and the reason is self-explanatory....
- Advertisement -
Earn Free Bitcoin

Binance, one of the largest global crypto exchanges, will soon add support of fiat trading, starting with the Russian ruble.

Adding ruble support in “about two weeks”

The news was publicly announced by Binance CEO Changpeng Zhao (CZ) at a Russian government-led event, the Open Innovations Forum in Moscow on Oct. 21. By adding Russia’s national cryptocurrency on its platform, Binance will allow users from Russia to buy cryptocurrencies directly using rubles, CZ explained.

In a video posted on Twitter, CZ said:

“In about two weeks or so, we should have support for Russian rubles trading directly. So you can buy cryptocurrencies on Binance.com using rubles.”

The news comes as the crypto industry is still not officially regulated in Russia as the government has allegedly again delayed the adoption of the country’s major crypto bill “On Digital Financial Assets,” as reported in mid-October.

4 international crypto-fiat exchanges launched

In January 2019, Binance was first reported on its plans to expand to eight new countries in 2019, including Singapore, Malta, South Korea, Liechtenstein, Argentina, Russia, Turkey and Bermuda.

To date, Binance has already launched four international crypto-fiat exchanges, including Binance Uganda, European trading platform Binance Jersey, Binance Singapore and Binance US. 

On Oct. 18, Binance.US announced that its customer’s dollar deposits were eligible for Federal Deposit Insurance Corporation, also known as FDIC, insurance coverage.

In mid-October, Binance launched peer-to-peer trading for Bitcoin (BTC), Ether (ETH) and Tether (USDT) against the Chinese yuan.

- Advertisement -
- Advertisement -

Latest News

Bitpanda raises $170M in funding round

Austria-based cryptocurrency firm Bitpanda has closed a $170 million funding round to further the firm's international growth.
- Advertisement -Earn Free Bitcoin

Ken The Crypto tells You How to Get the Most out of the 2021 Bull Run

The year 2021 is what people call the "Bitcoin Year", and the reason is self-explanatory. This recent bull-run has brought...

DigiShares Releases Industry Report on Real Estate Tokenization

DigiShares, a white label security token issuance solutions provider, has released a detailed report outlining the state of the global...

Gen2 Technologies (MNIZ) To Hold Quarterly Update

SPARKS, Nev., March 29, 2021 /PRNewswire/ -- Gen2 Technologies Inc. (the "Company") (OTC: MNIZ) wishes to inform its loyal shareholders that it...

Digital Securities & Tokenization Summit Announced for May 2021

Press Release 24 March 2021 DigiShares, the end-to-end white-label platform for...