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Binance Adds Euro to Fiat On-Ramp Frenzy

Cryptocurrency exchange Binance has added native platform support for the Euro through AdvCash deposits. Changpeng Zhao, the founder and CEO of Binance, indicated that many fiat currencies will be added to the platform whilst announcing support for the Russian Ruble last week, November 8, 2019.

Fiat to Crypto Expansion

At the beginning of 2019, Binance had absolutely no support for fiat; in the last month, they onboarded seven fiat currencies.

So far, the Russian ruble and British pound were the largest fiat currencies with support on Binance. The addition of the Euro marks a significant period of Binance’s expansion plans into Europe. Having already initiated fiat onboarding Africa and Asia, it is becoming increasingly evident that Binance is not content with the market dominance…

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