Binance, the largest crypto asset exchange in the world, has made an announcement that Bitcoin (BTC), Ethereum (ETH), XRP, Binance Coin (BNB), Binance USD (BUSD) as well as Tether (USDT) will soon have new pairs on their platform with the official currency of the European Union, euro (EUR). This is going to start on Jan. 3a and is a part of the company’s plans to have more traditional currency pairs on the Binance platform.
In the official announcement, it was said that Binance is adding ETH/EUR, USDT/EUR, BNB/EUR, BUSD/EUR in addition to BTC/EUR on January 3, 2020. Considering the new announcement, the Binance exchange now has 6 crypto coin pairs with euro.
Binance had already added pairs crypto asset with EUR for their payment solution. Despite that, the company hadn’t added any trading pairs with euro up until that point. As a result of the addition of crypto pairs against EUR, crypto traders now have the option to directly trade these six crypto coins with euro.
Prior to this announcement, in December Binance added the Russian Ruble (RUB) to their trading market with the United States Dollar. After this, Binance also added major cryptocurrency pairs, Binance Coin, Bitcoin, Ether as well as XRP, with the Russian Ruble. By the end of December, Binance also announced that they are going to include the Turkish Lira (TRY) trading it against Tether (USDT).
The Chief Executive Officer of Binance, Changpeng Zhao, made an announcement on January 2 that the structure of the company is going to change in 2020. He stated that in 2019 the company, as well as the crypto industry, has seen great developments, governments have become more accepting. Hence, as a result, next year we’ll notice more countries embracing blockchain and crypto.