The world’s leading cryptocurrency exchange, Binance, reported peer-to-peer (P2P) trading for Indian Rupees (INR) and Indonesian Rupees (IDR).
Through a blog post, it was detailed that both fiat currencies will be available against Bitcoin (BTC), Ether (ETH), Tether (USDT) Binance Coin (BNB) and Binance Dollar (BUSD) through the platform site and the mobile application.
Binance CEO Changpeng Zhao (CZ) said that India and Indonesia are two of the largest emerging markets in existence.
These markets have enormous potential in the adoption of cryptocurrencies. In this regard, they are pleased to empower the mass population with easy-to-use crypto access.
Binance P2P trading supports 20 national currencies
Designed for consumer-to-consumer and business-to-consumer use, the world’s largest exchange P2P now supports 20 national fiat currencies.
Speaking of which Binance reported peer trading, the exchange claimed that over 200 P2P merchants worldwide are now using the platform.
They can also access personalized merchant benefits, such as zero fees on security deposits and targeted customer support, to increase their profits.
The statement stated that individuals, or teams, who have a trusted source of fiat currency and cryptocurrencies, can join Binance’s P2P Global Traders Program.
They can also enjoy exclusive benefits including zero fees for security deposits. Thus, such as publication and advertisement transactions, VIP discounts and exclusive customer service.
Binance reported new acquisitions for trade
Recall that the acquisition of the encryption data site CoinMarketCap, one of the best-known platforms in the industry, was recently announced.
Other recent exchange offerings include yesterday’s launch. Bitcoin options on the Binance futures trading platform which for now is limited to the exchange’s mobile app.
Blockchain for India
Likewise, recently, Binance and WazirX, the Indian competitor that it acquired in November 2019, have announced a fund aimed at maintaining the development of Blockchain in India.
The “Blockchain for India” initiative was announced on March 16 and is intended to promote the use and adoption of Blockchain technologies in the country.
With WazirX, the firm has established a $ 50 million fund backed by BNB, BUSD, and WRX, to invest in local Blockchain projects.