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Leading cryptocurrency exchange Binance has announced support for Vietnamese Dong (VND) in its peer-to-peer (P2P) trading platform.
In its press release on Monday, Binance said that it has upgraded its platform to include Vietnam’s fiat currency. Users can now buy and sell cryptocurrencies using VND through the latest version of the Binance mobile app. It currently supports four cryptocurrencies including Bitcoin (BTC), Tether (USDT), Ether (ETH), Binance Coin (BNB).
At present, Binance P2P is only available in China and Vietnam. However, Binance CEO Changpeng Zhao announced that the service will be expanded over time and they will be adding more countries gradually throughout 2020.
“Binance is committed to providing our global users with more convenient fiat gateways and easy access to cryptocurrency, and our P2P service aims to lower the barriers to entry to the crypto world. We are pleased to introduce fiat-to-crypto P2P trading services to Vietnamese users to flexibly trade cryptocurrency at low costs,” Zhao said in a press release shared with CryptoPotato.
Zhao also mentioned the company’s plan to expand its fiat-to-crypto access on its platform again. They are doing this to accomplish their “freedom of money” mission.
“One of our key goals for 2020 is to bring crypto to the masses. For this, we aim to enable fiat-to-crypto trading fro 180+ fiat currencies,” Zhao said.
Meanwhile, Binance is planning to launch a support center in South Korea after buying 500 million won ($432,000) worth of stake in Korean fintech firm, BxB. The support center will be operated by its subsidiary company Binance Co. Ltd and new partner BxB.
“Binance is currently developing a future plan for the Korean market with BxB. We are reviewing what kind of business Binance Co., Ltd. will carry out in Korea, in addition to operating the customer support center,” the company’s CEO added.
