Binance has today announced the launch of a new fiat-to-crypto exchange. On the Binance exchange based in Jersey, traders can now trade their Euros and British Pounds for Bitcoin and Ethereum.
Binance.je launches with four new pairs: BTC/GBP, ETH/GBP, BTC/EUR and ETH/EUR. All the pairs are already open for trading and customers can register and make deposits and withdrawals starting today.
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Binance launches its new fiat-to-crypto exchange with a promotion: the first 5000 users to register and complete KYC receive 20 EUR.
GBP and EURO should be a big deal, right? https://t.co/d15yZS2uRl
— CZ Binance (@cz_binance) January 16, 2019
Not everyone is able to trade on the Binance Jersey exchange. Users from the following 58 countries are welcome on the fiat-to-crypto trading platform:
Argentina, Armenia, Australia, Austria, Azerbaijan, Belgium, Brazil, Bulgaria, Canada, Chile, Croatia, Cyprus, Czech Republic, Denmark, Estonia
Eswatini (formerly Swaziland), Finland, France, Germany, Gibraltar, Greece, Hong Kong, Hungary, Iceland, Ireland, Israel, Italy, Jamaica, Japan, Jersey
Latvia, Liechtenstein, Lithuana, Luxembourg, Macau, Malta, Mauritius, Mexico, Monaco, Netherlands, New Zealand, Norway, Peru, Poland, Portugal
Romania, Singapore, Slovakia, Slovenia, South Africa, South Korea, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, United Kingdom, Uruguay
This means traders from the United States can not use the Binance Jersey exchange for now.
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Last year, Binance opened its first fiat-to-crypto exchange in Uganda, with UGX-BTC and UGX-ETH trading pairs. CEO Changpeng Zhao said in an interview that the company plans to open 5 to 10 fiat-to-crypto exchanges on five different continents in 2019. Singapore, Liechtenstein and Malta could be among the next countries where Binance will launch fiat-crypto exchanges.