FIAT pairs in exchange

[MCJamison1987]

Some exchanges do not offer FIAT pairs.
Is that due to regulations or for their own safety to not involve physical money?

[tamango]

I think that in most of cases is because of regulations and more control from financial authorities, so that only main and big exchanges allows FIAT pairs with USD and EUR

[Etherion]

Ironic due to this all altcoins are very much linked to BTC.

This need to change at some point.

[butka]

If they offer FIAT pairs they have to do KYC and respect a ton of government regulations regarding personal information, money laundering, etc. I have no idea what regulations exactly they have to deal with, but I can imagine how complex this matter is. For example, not so long ago Coinbase was asked to provide their client's private info to the IRS. Among the other things and to avoid similar problems, some exchanges don't do fiat pairs. Binance is a good example.

[makadaka]

I think that the exchanges simply cannot agree on how to add a dollar and first of all get this permission

[Endikadija]

Some exchanges do not offer FIAT pairs.
Is that due to regulations or for their own safety to not involve physical money?

Because they have not yet passed the regulation. I remember most of the exchange sites are accepting fiat pairs are major exchange sites. But some small exchange sites have already started to offer that service because they have passed the regulation.

[tabas]

That's what they think and believe better for their operations. But as I see, most of the well known exchange does have fiat pairs and majority of them will never gone its btc pairs so I think for them, btc pairs is already enough.

[EvgeniyBH]

I think regulation it the main reason. Cryptocurrency exchanges should do many things to receive license to have permissions to trade between cryptocurrencies and fiat money.

[Mr.Ease]

Some exchanges do not offer FIAT pairs.
Is that due to regulations or for their own safety to not involve physical money?

I'm not sure what exchanges your using... maybe it's that Yobit I keep hearing about?

Anyways, I'm pretty sure most exchanges don't do physical money... I mean, crypto-currency is digital.
If your considering USDT as a physical dollar... well, it's actually only $0.971, and it's a digital backed asset, so it's not.

I would assume, exchanges just don't want' to deal with the bullshit pegged cryptos that are traditionally broken 

[debby070]

Some exchanges do not offer FIAT pairs.
Is that due to regulations or for their own safety to not involve physical money?

I think they are just open for the opportunities of cryptocurrencies. As I am expecting, maybe fiats will be replaced by cryptos just like this "would you like to exchange your past with your future"? and soon you will realize how flexible cryptocurrency is.

[oioioi]

fiat is used for a non-digital exchange, some exchanges connect fiat with cryptocurrency to convert it into physical money that can be used legally, and that is also limited, such as dollars and some currencies in several countries according to the appropriate exchange

[Gypsy.Danger]

It is because the price of the fiat was totally fixed. Not like the cryptocurrencies that their price was volatile. So at any moment it can change in low price or in high price. And those fiat pairs are like the safe haven of the investors if they are experiencing loss of their token holdings.

[bartolo]

To offer fiat pairs, deposits and withdrawals, exchanges need to reach an agreement with a bank, and it seems there are not many banks willing to offer this service right now. On the other hand, exchanges have realized is more comfortable for them to offer stablecoins pairs since, for some reason, users believe they are really backed by real money.

[Hillore]

It seems to me that they don't want to receive the status of a banking structure and incur obligations.

[talkbitcoin]

i actually don't know any exchange that has multiple fiat currencies! all the ones that i have seen only have one fiat like only having US dollar, EURO, Japanese Yen,... so they don't need a fiat-fiat market.

Yobit is an exception since it is a fake place and having  a fiat-fiat market won't help them in anything! they want a market where they can manipulate and fake pump things.

[Ayomiqueen]

having fiat has to do with regulation as the currency of a particular country , just like usd which i know all exchange that use usd are most base in USA and must have all necessary document in place to back the fiat pair and also must be a registered company under US security company which will give them power to operate in line with their policy.

[saycryptohello]

I think that the presence of fiat pairs will make it possible to get away from the strong dependence of the bitcoin price

[RadekG]

I think many exchanges do not offer fiat pairs because for the introduction of such trading pairs it is necessary to coordinate this with many regulators.

[babarian]

I think regulation it the main reason. Cryptocurrency exchanges should do many things to receive license to have permissions to trade between cryptocurrencies and fiat money.

I don't think that regulation is the main reason, why? because in my country there has been an exchange that provides trade between crypto currencies with our country's FIAT currency, even though there is actually no regulation about that in our country that has been approved by the government

[tuthienloc92bk]

Some exchanges do not offer FIAT pairs.
Is that due to regulations or for their own safety to not involve physical money?

Binance has fiat pairs? In my opinion, if there is fiat pair, exchange owners have to connect with some banking system to address it. And some exchanges are in restricted countries, so it is hard for them.