Binance has finally launched a fiat-based crypto exchange which is called Binance Jersey. The company wants to attract new users that have been asking for fiat pairs on Binance for a long time. In this way, Binance increases its presence in a very competitive cryptocurrency market.
Binance Announces It Now Has Fiat Trading Pairs
The newly launched Binance Jersey will allow investors to exchange digital assets against different fiat pairs. In the beginning, Bitcoin (BTC) and Ethereum (ETH) will be available for trading against the Euro (EUR) and the British Pound (GBP).
In order to attract more users, Binance Jersey is giving away 20€ EUR to the first 5,000 users registering in the platform and completing the Account Verification on the exchange. If you want to be one of the first users entering the exchange you can click to register here.
The announcement made by Binance says:
“Fellow Binancians: Binance is excited to announce that Binance’s EUR/GBP Fiat Exchange, Binance.je, is now online, with trading in BTC/GBP, ETH/GBP, BTC/EUR and ETH/EUR trading pairs now open. Registrations, deposits and withdrawals are now also available.”
Binance has been showing its interest in offering fiat trading pairs in the past. During 2018, the company has been working with other jurisdictions such as Bahamas, Malta or Jersey to have banking partners that would allow the exchange to have fiat trading pairs.
Indeed, the company decided to move to Malta, which is known for being the blockchain island. The country has been working to provide clear regulations regarding cryptocurrencies and blockchain technology.
According to CoinMarketCap, Binance is one of the largest crypto exchanges in the market. During the last 24 hours, the exchange registered more than $710 million traded on its platform.
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