The crypto exchange giant Binance has announced to expand fiat to crypto services to Australian customers. According to a blog post from the crypto exchange giant on Tuesday, the Binance Australia platform would allow Aussies to buy and trade digital currencies with their local currency – the Australian dollar (AUD). Australian customers would be able to deposit AUD straight from their bank accounts onto the platform by using PayID.
“Australia has been at the forefront of blockchain innovation with favorable policies.”
According to the global crypto exchange giant, Australian users would be able to deposit AUD without any fees. In order to withdraw funds from their accounts, users in Australia can link their local bank accounts to Binance Australia and make a withdrawal request. Currently, the platform is available on desk and mobile web. An app is expected to launch sometime later. The CEO of the crypto exchange giant, Changpeng Zhao commenting on the launch, said that Australia has been at the forefront of blockchain innovation with favorable policies.
Binance continues its global expansion.
One of the leading crypto exchanges in the world, Binance has expanded globally over the last couple of years. Changpeng Zhao led crypto exchange has acquired many local crypto exchanges and blockchain firms across countries. Providing a fiat-to-crypto platform for Australian users is a new feather in the exchange’s cap. Changpeng Zhao said that Binance Australia aims to make crypto more accessible among Australian users, furthering its mission to provide crypto access and drive freedom of money worldwide. The crypto exchange has acquired and collaborated with several crypto businesses around the world in recent times, making its reach more global than its competitors. Last year the company launched Binance Lite Australia, a brokerage service that allows users to buy Bitcoin with AUD.