The largest cryptocurrency exchange, Binance.com, will soon feature the fiat currency trading on the network, starting with the Russian rubles.
Changpeng Zhao, the Binance CEO, broke the news at the Open innovations conference in Moscow, Russia, stating, “In about two weeks or so, we should have support for Russian rubles trading directly. So you [will be able to] buy cryptocurrencies on Binance.com using rubles.” Earlier this month, on October 16, EUR and GBP pairs were silently added to the exchange’s API.
Binance intended to release a fiat-to-crypto exchange in Russia this year. Up till now, the platform has launched four international fiat-to-crypto networks in Uganda, the US, Jersey, and Singapore.