Binance Announces Ruble Trading

Must Read

NiceCash Lets Anyone Get Maximum Out of DeFi

in One Click NiceCash launches its nVaults -...

CubeBit has come forward to sponsor Future Blockchain Summit 2020

November-18-20 - CubeBit 2.0 has come forward to sponsor Future Blockchain Summit 2020. The event will be held at...

Bitcoin Eyeing $11800 After Intense Drop

As we saw earlier today, Bitcoin started by declining from $11349 to $11176, roughly 1.76%.
- Advertisement -BTCClicks.com Banner
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

Wyoming Amends Insurance Code to Allow Insurance Companies to Invest in Bitcoin & other Cryptos

In the first provision of its kind, Wyoming is allowing the domestic insurers to invest...
- Advertisement -Earn Free Bitcoin

CubeBit has come forward to sponsor Future Blockchain Summit 2020

November-18-20 - CubeBit 2.0 has come forward to sponsor Future Blockchain Summit 2020. The event will be held at the Dubai World Trade Centre,...

USDT Is A Game Changer For Online Poker

CoinPoker - the flagman of the industry, the biggest and the oldest pure crypto poker room is the first to...

DeepTradeBot: The innovation of large companies at your service

DeepTradeBot is a collection of automated trading tools developed by Deep Neuro Networks LTD, a London, England-based company dedicated to artificial intelligence and...

Flyp.me Instant Crypto Exchange Now Supports REN Token Trading

Decentralized finance is leading the way of the cryptocurrency industry, with the REN Protocol at the front. REN Protocol is...