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29 May 2022
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Binance Crypto Exchange Completes Sixth BNB Burn; Over $9 Million Worth Gone

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.

Read more: Binance completed 6th coin burn, CZ shares his insight about market situation

Binance launches its new fiat-to-crypto exchange with a promotion: the first 5000 users to register and complete KYC receive 20 EUR.

58 countries
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.

Read more: A promising Q1 ahead… What’s next for Binance and BNB?

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.

Source. chepicap

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