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Binance launches new crypto trading pairs against EUR

By:
on Jan 3, 2020
Updated: Mar 11, 2020
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  • Binance has just announced that it will add six crypto trading pairs against EUR.
  • The addition of EUR trading pairs comes soon after Binance introduced Russian ruble and Turkish lira, which were since paired against Tether (USDT).
  • The exchange's CEO, Changpeng Zhao, further stated that he expects new, positive changes for the crypto industry in 2020.

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Malta-based crypto exchange Binance is still one of the largest exchanges in the world, and it continues to work on attracting new clients and improving its services. The exchange’s first move in 2020 was to announce the addition of new crypto trading pairs against EUR, including BTC, ETH, XRP, USDT, BNB, and BUSD.

The exchange’s official announcement states that all of these coins will be paired against EUR at 2020/01/03 8:00 AM (UTC). In other words, the exchange’s customers now already have 6 cryptocurrencies paired against the Euro.

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Of course, this is not the first time that Binance had added payment solutions that would allow people to purchase cryptos with Euros. However, until now, the exchange did not have any real trading pairs. Now, thanks to the new move, euro users will have a direct line to some of the largest and most popular cryptocurrencies in the industry, including Bitcoin and Tether, which can then be used for buying most major altcoins.

New crypto/fiat trading pairs emerging on Binance

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Furthermore, back in December 2019, the exchange also made another surprising move when it added Russian Ruble (RUB) trading pairs to a market trading in USD. This move allowed the exchange’s users to exchange multiple major coins against RUB, including BTC, ETH, XRP, and BNB.

Then, on Christmas, December 25, 2019, Binance announced the addition of Turkish Lira. Both, lira and ruble were then paired against Tether (USDT).

As for what it might come next in 2020, Binance already revealed that it has major plans in a letter written by its CEO, Changpeng Zhao. Zhao, also known as CZ, published this letter only yesterday, January 2nd, noting that the exchange is developing a new ‘incentive structure,’ which is supposed to replace the current employee stock ownership plan.

The letter further mentioned that 2019 has brought some positive changes when it comes to multiple governments’ stance towards crypto and blockchain. These governments pointed the way for the rest of the world, and Zhao expects that numerous other countries will see their authorities become more open towards emerging technologies.

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