Binance, one of the biggest cryptocurrency exchanges by trading volume, keeps on expanding its set of services for users. This time, the crypto exchange has announced the addition of 5 new fiat currencies that will be accepted to buy cryptocurrencies in the exchange.
According to the announcement, citizens from Colombia, South Korea, Kenya, Kazakhstan, and Peru will now be able to purchase cryptocurrencies on Binance using their visa debit and credit cards in Colombian peso, South Korean won, Kenyan shilling, Kazakhstani tenge, and Peru’s nuevo sol.
Furthermore, the cryptocurrencies available to purchase using this payment method are Bitcoin (BTC), Ether (ETH), Binance Coin (BNB), XRP, Binance USD (BUSD) and Tether (USDT). To use this service, users just have to log in on Binance and choose the Buy Crypto option, and then select “Pay with Bank Card”.
Binance is keeping busing, expanding its set of services worldwide. Just earlier this month, the cryptocurrency exchange announced the acquisition of CoinMarketCap (CMC) for an alleged price of $400 million.
As explained by Binance’s CEO Changpeng Zhao, CoinMarketCap will remain an accurate source of information for the cryptocurrency industry while also taking advantage of Binance’s expertise, resources, and scale. The CEO also commented on the upcoming internal restructuring of CoinMarketCap, with Brandon Chez, CEO of CMC, stepping down and Carylyne Chan, current Chief Of Strategy Officer, becoming the interim CEO. The restructuring will not affect the rest of the team, at least for the near future.
Binance’s CEO reassured CoinMarketCap’s followers that the site would continue to adhere by its listing method, the same listing requirements, and remaining an unbiased source of information. It is expected that Binance will eventually change things, but for the upcoming months, the crypto exchange plans on working out the details before executing any significant changes to CMC.
