In its latest move to capture the international market, Binance has added trading pairs for XRP, ETH, and USDT against Turkish national currency Lira. Binance is among the top crypto exchanges in the world based on trading volumes.
Binance continues to extend its international reach.
Changpeng Zhao led exchange has taken several steps this year to make the exchange more accessible to the international crypto community. Earlier, it added support for the national currencies of Russia and Nigeria. Binance is also working on other aspects to increase the adoption of cryptocurrencies. The exchange will open trading for ETH/TRY, XRP/TRY, USDT/TRY, and USDT/RUB trading pairs at 2019/12/25 8:00 AM (UTC).
Malta-based exchange also made several acquisitions this year.
Along with adding support for various national currencies, the exchange also acquired several other crypto businesses in different parts of the world. Some of the notable acquisitions include partnering with China-based DappReview and buying equity in the crypto derivative platform FTX. Binance also acquired India-based crypto exchange Warzix. Earlier in an interview, Changpeng Zhao said that Turkey is among the most active markets in crypto space and will play a crucial role in the future.