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Binance allows peer-to-peer trading for the Russian Rubel

Binance has said it will halt the marketplace for the Chinese yuan over-the-counter (OTC) trading on its platform following C
Binance has said it will halt the marketplace for the Chinese yuan over-the-counter (OTC) trading on its platform following China’s latest crackdown.

Cryptocurrency exchange Binance announced that it had upgraded its peer-to-peer platform to include Russian Rubel (RUB). Users will be able to transact with no fees on Binance’s peer-to-peer platform. Binance CEO, Changpeng Zhao said that P2P trading provides an open marketplace and more flexible access for users to trade multiple currencies with other users in the payment methods they prefer.

Binance also added support for Rubel on its main platform.

Earlier this month, the world’s leading crypto exchange, Binance, announced to add support for Russian currency Rubel on its main platform. Russian citizens can now directly buy cryptocurrencies using Rubel on Binance. XRP, BNB, BTC, and ETH are some of the cryptocurrencies that Russian citizens can buy using Visa cards on Binance.

Binance to integrate the P2P trading platform of WazirX.

Crypto exchange Binance earlier revealed that it would integrate the P2P trading platform of Indian crypto exchange WazirX. Binance acquired the Indian crypto exchange WazirX late last year. With the integration, Binance users will be able to transfer funds between their Binance and WazirX accounts instantly. The Initial Exchange Offer (IEO) for WazirX was carried out earlier this month as it brought investors substantial returns after the price of WRX surged upwards of 600% when it was listed on the exchange.

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