Binance about to offer Fiat-Crypto Trading.

[jho0810]

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

I think Yes it will be great because people wants too that they have many choices and the binance step to do that is great decision for people using crypto.

[rugrats]

I am pretty sure that I have seen this exact headline, or ones similar to it for more than a year, and for various large exchanges also. The fact is that these exchanges don't want to get into the fiat business because there are much more stringent regulations involved, and for an exchange that can find itself on either side of regulatory certainty at any time this isn't a risk it is likely willing to take any time soon.

[gentlemand]

I am pretty sure that I have seen this exact headline, or ones similar to it for more than a year, and for various large exchanges also. The fact is that these exchanges don't want to get into the fiat business because there are much more stringent regulations involved, and for an exchange that can find itself on either side of regulatory certainty at any time this isn't a risk it is likely willing to take any time soon.

If you want to get to the next level it's what you have to do. And I don't think anyone's more ambitious than Binance. If they get it right they could be bigger than any bank in the world in the years to come.

[Superways]

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

I am really waiting for that to happen on binance then I will do my trade even in bitcoin and fiat on binance. If it will happen then most of my trade will be only on binance and I will not go for other exchange for bitcoin to fiat trade. It will also give us a way to deposit and withdraw our fiat, if not now then maybe in the future. We will be secured on a more reliable exchange.

[boyptc]

If they get it right they could be bigger than any bank in the world in the years to come.

It's likely.

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

How it can be a bad news? this gives more options to the people that doesn't have any crypto to hold but wanted to trade crypto-fiat-crypto directly.

[Vatimins]

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

     I believe so too because there are a lot of people who hate all that hassle into buying bitcoins from various sources that makes it take longer than what they want. Now, with this feature of binance, investors will have the opportunity to buy cryptos as easy as buying things online. I think this will boost the traffic in binance great move by the binance team.

[Osarman]

If it forces users for identity verification like poloniex and bittrex, it won't be good and it will lose a lot of users but they will probably require kyc for only those who want to make usd withdrawal.

That is definite, so at the end the choice is going to be yours. However, I am not sure USDT will be permanently flushed out as it would still be in existence and the choice will be left for you to make.

However, the availability of fiat trading will really help when it comes to the fear of leveraging in USDT or the likes, and due to all the news that has been up for a while now with respect to that, I guess at least it would make matters a bit better for the space.

[Barbut]

If it forces users for identity verification like poloniex and bittrex, it won't be good and it will lose a lot of users but they will probably require kyc for only those who want to make usd withdrawal.

That is definite, so at the end the choice is going to be yours. However, I am not sure USDT will be permanently flushed out as it would still be in existence and the choice will be left for you to make.

However, the availability of fiat trading will really help when it comes to the fear of leveraging in USDT or the likes, and due to all the news that has been up for a while now with respect to that, I guess at least it would make matters a bit better for the space.

We will see what Malta have to say, everything depends from their laws. I think binance didn`t choose Malta just cause its beautiful beaches, its financial paradise and binance will have open hands there. That Malta can become crypto paradise, couple months ago they announced a construction of the biggest land casino that will accept crypto, from few weeks ago binance as one of the leading crypto exchange will make their offices there, Malta government looks very open to crypto and that is a great thing, we will see what will happen very soon.

[Birdiebig]

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, that's great. It affirms the great potential and increasingly perfect of binance. If this happens, will they reform and classify the authenticate members at level 3? Because I'm just level 2.

[jeremypwr]

Really looking forward to being able to trade some alt coins to fiat.

It's much, much more convenient to be able to trade alt coins for cash then trading Alt coin -> BTC -> Cash.

Binance is giving a lot of early ICO participants the opportunity to cash out some of our gains without having to convert to BTC, so I'm thrilled about the new pairing.

[jayyen]

Binance is innovative and this step in the right direction will change the way altcoin prices fall when the giants I mean btc and ETH begin to fall in the market. The trading against dollar or fiat money will help the various coins to have their own value regardless of the prices of btc and ETH.

[patt0]

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

That would be amazing, because we are still very limited on crypto/fiat pairs. The majority of exchanges that offer that option, and you can count them by the fingers, usually don't offer to many coins for trade. I really miss that on coinbase for example, and I normally use other exchanges, like bittrex or binance, because they coinbase only allows me to trade 3 alts. If binance started offering fiat as well, it would probably put a lot of pressure on the other exchanges. I would probably stop using coinbase for example, and stick to binance, since they would have all that I need for trading (although you can still trade with no fees on gdax, and that is of course a plus for them).

[artmaker]

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

With this news, my opinion is we getting closer/or already in the final phase of correction.
You know what that mean ? We gonna back to bull market again

[katri]

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

i like it! i used binance until today and if they will add fiat in their platform that would be amazing... i hope they will add it the soonest because i can still buy many coin at the low price.. i can put my money to the exchanges and trade it with coin...when the price is high i can convert it to fiat again and hold it until it goes down and i can buy again coin with the low price.

[localcrypto]

Before the launch of Goldman Sach and Major WallStreet investor crypto exchangers, Binance is trying to become world number one cryptocurrency exchange specialising in all fields
Binance Euro and Fiat move is high anticipation in crypto world

[the13thsymphony]

If it will happen then that would be a good news to traders as they can encash their altcoins to fiat without exchanging it to the top coins as the fees will lessen. The only downside is that the value of trading coins like DOGE and the main coins like BTC and ETH will go down.

[mrtryonebiggums]

It would be brilliant but I will believe it when I see it. It seems everyday more and more exchanges are hampered by KYC and regulations, I hope that Binance can make it through all that and launch this exchange.

[naidray]

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

Competition has over the years always been a good thing and there is no doubt it would usher in a lot of growth for the space.

As long as some exchanges keep doing it better and getting huge volume, those who are far behind will keep looking for ways in which they can get to do it better to at least create some attention to them as well. No one would want to end up losing out big as an exchange in the long run due to just staying in their comfort zone.

[yugyug]

As i see the influence of cryptocurrencies moves towards East as many Asian countries are so innovative when it comes to cryptocurrency innovations like last years Japan and Korea have a greater influence on the price hike of BTC, and now the Binance with an Asian origin has got new innovations too which could lead to pump some top altcoins.

[Safebit.io]

That's terrific. I wonder what will happen to all the stable coins...