Binance about to offer Fiat-Crypto Trading.

[Camorra Dev]

 I think the more competition is going on the better and more comfortable service would they provide For us to use their platform

[Thanasis]

It will be a good news for the traders because it can out out some fee which was wasted while transferring from one to another coin while finding the right pairs but I am scared that if all the crypto exchanges fiat to crypto trading then it may decrease the dominance of bitcoin.

[ss890]

Yes off course it would be very much great thing. I mean binance is planning on to form accounts in the Malta to support this new development. Just to make things easier for themselves in the fiat to crypto order taking they have taken this major step. If everything goes smoothly then we might just see more volume driving towards the crypto currencies as those people will also get involved who like it the direct purchases. So yeah it’s nice to hear and the hype about this news is already going on.

[megamanexe002]

I think this will happen eventually, bittrex has recently introduced this system which is a very good sign that crypto will be adopted. so this is very good news that is likely to happen. and yes a backbone for another big bull,

I do not trust binance this time, i have colleagues who actually invest cryptocurrency on binance and there is one issue occur which they lost a huge amount of their coins due to the system fails when the price of cryptocurrency has drastically changed.

[indrakusumaindra]

This would really be great if it happens, don't you think?

https://cointelegraph.com/news/exclusive-world-s-top-crypto-exchange-binance-sets-up-bank-account-in-malta/amp?__twitter_impression=true

Yes it would be great cause many fiat will turn to be crypto and i do think binance will become bigger when they accept fiat and this will make binance trade volume  increasing and i believe binance will become number 1 trading site again. Lets see if this thing will boost binance coin price in the market.

[_bitnews_]

Yes, it really will have a positive impact on the crypto currency market, too. If Binance starts trading in fiat currency, this will contribute to the inflow of cash into the crypto currency.

[StarofBTC]

This would really be great if it happens, don't you think?

https://cointelegraph.com/news/exclusive-world-s-top-crypto-exchange-binance-sets-up-bank-account-in-malta/amp?__twitter_impression=true

Sounds really good to me unless they ask (like most fiat-cryptocurrency exchanges do) for identity verification and stuff liek that,it would be really unfortunate especially that Binance is a very good exchange in my eyes compared to others.Or it would be great to make it just an option to trade fiat-crypto and only those who want this option get their identity verified and others don't get affected.

I do not see anything unfortunate and I do not know why a lot of people see that as an issue. KYC is something that comes with regulation and development, and with the way things are going, I expected by now that a lot of people should have started getting used to that idea rather than trying to dash it away or something.

This is a great option for the space and I believe it would keep ushering in growth as we see more developments like this. Binance is really doing great to remain on that top spot.

[redsun114]

I think this will happen eventually, bittrex has recently introduced this system which is a very good sign that crypto will be adopted. so this is very good news that is likely to happen. and yes a backbone for another big bull,

Obviously, as this is going to gradually become a norm and at least it will give institutional investors more guarantee on a better leverage against cryptocurrency. News like these shows there is development going on in the cryptocurrency space and there is serious interest that it would generate from the institutional investors.

I am not surprised though, as regulation is actually bringing about a more matured space gradually and we just have to see in the next few years where we would exactly be.

[linesretweetG]

I think it's the only one of the tier 1 exchanges that doesn't offer this trading.
It will be a great improvement for the exchange and for their users.
Probably this is why they opened an EU office some weeks ago.

[okala]

Binance trading fiat will cause the inflow of cash into cryptocurrencies market and we are hope that this is going to influence other coins pricing.  I think binance is one of the most popular cryptocurrencies market currently and I pray other trading platform will follow this decision binance has made.

[boljul]

This would really be great if it happens, don't you think?

https://cointelegraph.com/news/exclusive-world-s-top-crypto-exchange-binance-sets-up-bank-account-in-malta/amp?__twitter_impression=true

Yes, everybody is waiting for it! Traders don't rely on USDT and don't trust it. When you have opportunity to work directly with fiat - it is much more convinient and useful!

[fullhdpixel]

This would really be great if it happens, don't you think?

https://cointelegraph.com/news/exclusive-world-s-top-crypto-exchange-binance-sets-up-bank-account-in-malta/amp?__twitter_impression=true

Yeah, it is really going to be great. It seems the crypto world is gradually entering a moment of no return already with all the exchanges with regulation hitting the point where fiat trading against cryptocurrency is gradually becoming a thing.

Bittrex had theirs announced recently even though it is still limited to corporate traders which eventually is promised to be opened to all traders and with all these kind of development, I believe things will get better in the long run for the cryptocurrency space.

[jorgelugra]

Binance Currency Exchange is a relatively new exchange, which began work in 2017, and during this time it gained popularity among users. Now the Binance exchange is in TOP 29 exchanges on the daily trading volume. I like it!

[justdimin]

It will be a good news for the traders because it can out out some fee which was wasted while transferring from one to another coin while finding the right pairs but I am scared that if all the crypto exchanges fiat to crypto trading then it may decrease the dominance of bitcoin.

The best that it would allow to happen is getting to see how some of those long term prospect coins will end up at least being able to do well on their own in the long run with some of these things coming into play.

Binance has been talking about these for a while, and I can imagine that implementing it on their exchange will simply help in a whole lot of ways and make things even more interesting for the exchange. Competition is getting hotter by the day as new and better exchanges are springing up, so it is a good thing for the users in my opinion.

[Pab]

we will not avoid KYC on exchanges.It is coming but it also mean that regulators are see cryptocurrencies in more positive light.Looks like they have finally found that ban crypto is not a way to solve  his problems with crypto.Malta is open for blockchain but what kind of bank will be that Binance Malta bank.There is a lot of offshore banks in Malta and Malta already had problems with European Commission because of his shady offshore banks

[deevan]

Well if that happens, then Binance will eventually receive thousand of new users applications daily. As currently one of the tops & best cryptocurrency exchange can leave behind the other big giant's cryptocurrency exchanges in the race by introducing crypto to fiat trading & vice versa plus fiat deposits & withdrawals. And after introducing this feature they may conclude 2BTC withdrawal daily feature for unverified users & requires each user to undergo KYC process.

[Rambogae]

I think it's good news but also bad news. what do you think ?

[Acsirp]

Then it is still be good cryptocurrency is not for competence againts fiat money and this is very much better, it makes a lot easy for token holders if they want to trade their coins or tokens and then exchange it to money in this trading sites ,we can consider it as improvement in cryptocurrency.

[kingsarko]

Binance is always proving to be the best exchange so far so good. This will be very good for the industry as this will enable us to see the actual value of each coin at every point in time. We have traded all altcoins against ETH and BTC and their decrease or increase in price always affect the entire market.

[gentlemand]

If this becomes huge then I can well see banks from elsewhere putting heavy pressure on Maltese banking to throw it in until there's nowhere for Binance to go. Nothing operates in a vacuum and even more so with banking.

Malta has no weight in legal or financial terms compared to almost anywhere else in the developed world. I hope Binance have factored this in.