Binance will allow CRYPTO/EURO trading from 2018

[Fawez]

Cryptocurrency is very popular in Europe! Many Europeans invest in cryptocurrencies!
Binance now establishes its headquarters in Malta and carries out EURO transactions to expand its business in Europe!

Binance recently added the TrueUSD (TUSD) to its offer, in addition to the Tether USDT, but this does not seem to be enough for the rapidly expanding exchange.

[magpie_lover]

Interesting but not surprising as Binance had already let know of its intentions to base their business in Malta. But isn't Malta a member state of the European Union? So, I think there will be some trouble with the EU officials, but hope they will be able to sort this out.

[juiceannabel]

Binance is raising :After quadrupling its number of users since the beginning of the year, the second largest exchange platform of Cryptos announces the arrival of exchange pairs in euros this year.
Binance has therefore unsheathed a weight argument with the addition of the euro as currency of exchange, from 2018.

This will be good. EUR is the second most used fiat currency by cryptocurrency.
As expected of binance, it is the no 1 international cryptocurrency exchange. i am using binance for long time and it is good.

[glavos]

Wow, that is really big if true! I remember the founder of Binance saying they won't be adding fiat pairs anytime soon so I'm a bit sceptical about this.

[target]

Binance is raising :After quadrupling its number of users since the beginning of the year, the second largest exchange platform of Cryptos announces the arrival of exchange pairs in euros this year.
Binance has therefore unsheathed a weight argument with the addition of the euro as currency of exchange, from 2018.

Even if the addition of the European currency is going to attract investors who want to use their euros directly, this might scare some others.
Also the introduction by binance of trading via fiduciary currencies will subject the company to a series of regulations that could discourage those who, among its current users, prefer to trade anonymously.

More info : https://www.ccn.com/binance-has-quadrupled-its-user-base-since-january-will-launch-eur-pairs/

Having EURO pair will be good in most case.
Do you think they will not require us to submit documents like passports and drivers license?

The time bittrex did this mandatory submission of ID, they lost a lot of users. I think I only register in binance and not submit anything to it and yet I'm allowed to make transactions.

[magpie_lover]

Binance is raising :After quadrupling its number of users since the beginning of the year, the second largest exchange platform of Cryptos announces the arrival of exchange pairs in euros this year.
Binance has therefore unsheathed a weight argument with the addition of the euro as currency of exchange, from 2018.

Even if the addition of the European currency is going to attract investors who want to use their euros directly, this might scare some others.
Also the introduction by binance of trading via fiduciary currencies will subject the company to a series of regulations that could discourage those who, among its current users, prefer to trade anonymously.

More info : https://www.ccn.com/binance-has-quadrupled-its-user-base-since-january-will-launch-eur-pairs/

Having EURO pair will be good in most case.
Do you think they will not require us to submit documents like passports and drivers license?

The time bittrex did this mandatory submission of ID, they lost a lot of users. I think I only register in binance and not submit anything to it and yet I'm allowed to make transactions.

Since banks are involved, they will most likely want KYC documents prior to FIAT deposits and withdrawals. Another question is whether they would support all countries or be like Coinbase and support only a handful of countries.

[ALI AKBAR]

It will make it an attractive alternative for investors. It will be good for future development Binance I believe that Binance exchanges a great cryptocurrency and their decision is right and great.

[shadyrifles]

According to the news article by Bloomberg, the trading pair of EURO will be added before the end of this year. As we know that that te Binance is now based in Malta. The CEO of Binance Zhao Cangpeng reported the plan is in underway to have other fiat currencies trading against cryptocurrencies as well.
You can also read the full report on this news here https://cryptorecorder.com/2018/06/12/binance-continues-to-set-the-pace-crypto-to-euro-trading-pairs-are-coming-soon/

[jcemos9bt]

This is a good welcome development for allowing users to do trading with crypto/euro is a welcome development, what i say is that hope their system is build and strong enough to stop scammers and hackers not to do fake trade or scam people after they have payed to the trader account.