Binance, one of the largest and most famous crypto exchanges, announced that new pairs with Ether (ETH) and XRP will soon be included in the platform. Binance, which is based in Malta, is adding fiat pairs with Teather (USDT), Ether (ETH), XRP. The fiat currency that will be paired with these coins is the Turkish Lira (TRY). On the other hand, Teather can now also be traded with another traditional currency, the Russian Ruble (RUB).
A year ago, in 2018, the platform also added Ripple’s crypto asset, XRP, as a central coin. The Turkish Lira was added to the exchange fairly recently, in November of this year, and became their latest traditional currency addition quickly becoming the most traded fiat by volume on the platform. Binance enabled its users to buy Bitcoin, Ethereum and XRP through Bitcoin by using Papara, a payment company based in Turkey.
Before the Turkish Lari, the platform added 5 other traditional currencies, one of which notably being The Euro (EUR). In 2019, Binance made huge steps to add government-controlled traditional currencies to the exchange platform. In addition to adding numerous fiat currencies to the platform, Binance additionally launched fiat exchange in different countries globally including Singapore as well as Uganda.
Despite its success around the world, Binance has been having trouble with the market in the United States. The company added a separate platform for US-based users, which was launched in September 2019 and is headed by Catherine Coley, a former Ripple employee. The binance.us has not gained as much attraction and clients as the regular Binance platform. The volume of the US version has not been meeting expectations and is clearly far behind its main competitor in the region, Coinbase.
Ethereum, being the second largest coin in the market, has been a favorite of many good crypto traders. In order to gain more information about Ethereum & Ether (ETH) price, check out at Ethereum Price updates and Ethereum Price Predictions. Stay in charge of the price movements and your crypto investments.