Binance has announced that the cryptocurrency exchange will begin Euro trading pairs this year. This allows customers to convert digital tokens into fiat currencies.
It was in March of this year that Binance announced their move to Malta, and now the cryptocurrency exchange will begin Euro trading pairs. Furthermore, Binance will soon be licensed from Jersey in the Channel Islands to open an office there.
Most exchanges are apprehensive to deal with fiat to cryptocurrency due to the problems associated with regulation by government agencies. This new move by Binance to begin offering fiat to cryptocurrency will only greatly intensify the competition with other exchanges. Currently Binanace is the world’s largest cryptocurrency exchange by means of sheer volume and has approximately nine million active users.