Binance is preparing to offer a fiat on-ramp to Russian traders, adopting a Russian ruble payment gateway. The news was announced by Changpeng “CZ” Zhao, during a crypto conference in Moscow.
https://twitter.com/cz_binance/status/1186315226502746113
Binance has already facilitated fiat-to-crypto switches through its OTC platform, which is targeted to Chinese buyers. Zhao announced that the market will add support for fiat trading, possibly even outside the OTC platform. The trading may be ready in two weeks, Zhao announced. Currently, Binance is not using fiat in its pairings, but only stablecoins based on the ...