Copy link
Increase text size
Decrease text size
Link copied

Crypto exchange Binance adds Russian Ruble support on P2P platform

Image by Binance from Twitter

Wed, 12 Feb 2020, 09:16 am UTC

Crypto exchange Binance announced in a press release that it added support for Russian Ruble (RUB) on its P2P platform.

Following the addition, users would now be able to buy and sell Bitcoin (BTC), Tether (USDT), Ethereum (ETH) and Binance Coin (BNB) with RUB using Binance’s peer-to-peer (P2P) platform on the latest version of the Binance Mobile App.

Binance P2P was launched last October. In addition to RUB, the platform supports Chinese Yuan (CNY) and Vietnamese Dong (VND) for buying and selling cryptocurrencies such as bitcoin (BTC), ethereum (ETH), Binance Coin (BNB) and USDT stablecoin.

"Russia is a vibrant market for blockchain and crypto advancement. We strive to provide our Russian users with easy fiat-to-crypto access," said Binance CEO Changpeng "CZ" Zhao. "P2P trading provides an open marketplace and more flexible access for users to trade multiple cryptocurrencies with other users or merchants in the payment methods they prefer."

Calling Russia a key market for Binance, Zhao had revealed his intention to establish an office in the country last year, CoinDesk reported.

“There is a very strong programmer talent [here],” CZ said. “On this trip, it is very clear to me that we should look into [setting up] the developers’ office."

Binance said that it plans to add more fiat and cryptocurrencies trading options for Binance P2P users in more countries and regions this year.

Meanwhile, the Bank of Russia started testing stablecoins in its regulatory sandbox in December. At the time, central bank head Elvira Nabiullina said they were just exploring how stablecoins work and were not considering it as a means of payment or alternative to money.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $6,858.18 (+1.52%)
  • Ethereum (ETH) $145.33 (+2.12%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $238.70 (+1.05%)
  • Bitcoin SV (BSV) $178.80 (+0.07%)
  • Bitcoin (BTC) $6,858.18 (+1.52%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft