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Author Topic: Binance To Add "USD To Crypto" Trading Pairs Soon  (Read 169 times)
laserfocused
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March 26, 2018, 02:31:34 AM
 #21

"Opening an office on Malta gives Binance several advantages. One of which is that they can start to set up a fiat-to-crypto trading pair, allowing people to purchase crypto directly with USD or the Euro. Before, people had to purchase Bitcoin from other exchanges and then move it into Binance to purchase altcoins."

Source - http://thebitplex.com/2018/03/23/binance-malta/

Assuming everything goes well, do you think this will kill coinbase or tether? Thoughts?

I agree this is good news.  If having a USD/Crypto pair was a killer then gdax would have killed binance which it did not of course.  the coinbase stronghold will continue for newbies into the foreseeable future. binance has had to halt new registrations several times, so demand is still strong and enough supply for all the major exchanges to benefit and prosper.
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March 26, 2018, 07:37:32 AM
 #22

"Opening an office on Malta gives Binance several advantages. One of which is that they can start to set up a fiat-to-crypto trading pair, allowing people to purchase crypto directly with USD or the Euro. Before, people had to purchase Bitcoin from other exchanges and then move it into Binance to purchase altcoins."

Source - http://thebitplex.com/2018/03/23/binance-malta/

Assuming everything goes well, do you think this will kill coinbase or tether? Thoughts?

I am not sure with this news and maybe it needs time to prove it but I don't think that this will kill coinbase or tether and I hope it could give support for the cryptocurrency. but I think it will make people easier to buy bitcoin because they can buy with USD and Euro which available in their country. and I am sure that this will help for bitcoin to be famous in that country.

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March 26, 2018, 07:42:24 AM
 #23

Yeah, they will get extended scopes there. Sometimes it takes a little bit time to set up business in new place.But big companies know how to handle it. Killing other exchanges or not, I think it will be good for Binance.
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March 26, 2018, 07:54:49 AM
 #24

I think it would be much more better if crypto-fiat to further lessen the transaction fees that goes from converting to altcoins-eth-btc.

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March 26, 2018, 07:58:32 AM
 #25

Would love to have USD/coins pairs! I like to trade USDT pairs on Huobi/ Okex/ Zb now because I can estimate the pricing well. Using BTC/ ETH pairs are confusing sometimes...

And the best part is USD wont drop during dump hehe

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March 26, 2018, 08:02:27 AM
 #26

I think it a really good thing, if the USD has no conversion fee, like other exchanges but if USD to bitcoin will have a conversion fee, I think this USD to Bitcoin can only be used in buying and withdrawing.
and Tether will still be useful because we only need to pay the trading fee of binance which is very small.

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March 26, 2018, 08:03:41 AM
 #27

It will be very convenient but how the regulators will react to it to buy directly for the dollar and the Euro,and of course this is the good news from binance.
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March 26, 2018, 08:17:02 AM
 #28

"Opening an office on Malta gives Binance several advantages. One of which is that they can start to set up a fiat-to-crypto trading pair, allowing people to purchase crypto directly with USD or the Euro. Before, people had to purchase Bitcoin from other exchanges and then move it into Binance to purchase altcoins."

Source - http://thebitplex.com/2018/03/23/binance-malta/

Assuming everything goes well, do you think this will kill coinbase or tether? Thoughts?

Nope, because they can't operate with that on US soil anyway.

It's bad for them I believe, they'll just put themselves on the crosshairs of regulators, and would probably get taxed too.

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March 26, 2018, 08:17:55 AM
 #29

"Opening an office on Malta gives Binance several advantages. One of which is that they can start to set up a fiat-to-crypto trading pair, allowing people to purchase crypto directly with USD or the Euro. Before, people had to purchase Bitcoin from other exchanges and then move it into Binance to purchase altcoins."

Source - http://thebitplex.com/2018/03/23/binance-malta/

Assuming everything goes well, do you think this will kill coinbase or tether? Thoughts?

excellent news, that will help the community I believe as Binance is number 1 exchange. I guess we can see some more fiat flawing in crypto markets after this.

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March 26, 2018, 08:19:02 AM
 #30

This sounds like really good news for crypto in general. Binance is really starting to stand out as a great exchange, and this is the sort of move that will help to bring crypto to the masses. I hope it all goes through as planned.

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March 26, 2018, 08:31:16 AM
 #31

Awesome news, one step closer to adopting crypto and taking it seriously I think. Hope more platforms do the same! Smiley
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March 26, 2018, 08:39:33 AM
 #32

That will be a smart move from Binance and a good news for cryptocurrency. I am pretty sure that Binance will get more traders and will be the king of crypto exchange once that happen. The question is, how much money do they have to backed those fiat currency? Will there be an ESCROW option once they implemented the fiat currency option just like TUSD in bittrex? Got to keep an eye with this update. This is getting more interesting.
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