Binance Plans To Onboard 180 Fiat Currencies

[gentlemand]

I can't imagine it would be all that difficult for an exchange like Binance to offer trading pairs with 180 fiat currencies.  Why not?

It is of course possible but some of the markets would be so tiny they would be 100% unusable. They might have order books $10 deep. GBP is pathetic enough on the few exchanges it's on and that's one of the world's major currencies. What would a BTC/Kazakh Tenge market look like?

They would either have to offer conversion into something more liquid before trading or become a quasi Coinbase buying service but I doubt they want to do that.

[alyssa85]

Binance plans to add 180 fiat currencies.

“One of the key things I want to do for the next few months – six to nine months or so – is to get those other 180 onboarded onto Binance.com,” CZ said.

https://micky.com.au/binance-to-onboard-180-new-fiat-currencies/

In your opinion, do you think this is a step in the right direction? Would this play a crucial role in the adoption of Cryptocurrencies worldwide? Binance has always been a pace setter, starting from IEOs to margin trading and now fiat currencies, it's likely that we would be entering an era where other exchanges would be scrambling to onboard fiat currencies too and this would definitely make it easier for people to access Cryptocurrencies from their countries.

If they can onboard all those fiat currencies AND allow you to withdraw those currencies to your home bank account in whichever country you are in - then yes, this is a big game changer.

If they're onboarding just for trading purposes but there is no withdrawal facility for those currencies, then not so much.

[mole0815]

Binance plans to add 180 fiat currencies.

“One of the key things I want to do for the next few months – six to nine months or so – is to get those other 180 onboarded onto Binance.com,” CZ said.

https://micky.com.au/binance-to-onboard-180-new-fiat-currencies/

In your opinion, do you think this is a step in the right direction? Would this play a crucial role in the adoption of Cryptocurrencies worldwide? Binance has always been a pace setter, starting from IEOs to margin trading and now fiat currencies, it's likely that we would be entering an era where other exchanges would be scrambling to onboard fiat currencies too and this would definitely make it easier for people to access Cryptocurrencies from their countries.

but the time frame of half a year is really sporty from my point of view. binance is probably at full throttle.

basically a really good thing in my opinion. before it's not really easy to invest in crypto via fiat it's just too complicated. it has to be as easy as ordering an amazon one day. only then do you really get started