Binance to introduce more fiat gateways in the next few months

Malta-based Binance, one of the world’s leading crypto-exchanges, will soon add new fiat gateways for Norwegian, Russian, and Croatian fiat currencies in the near future. During CEO Changpeng Zhao’s first AMA of 2020, the CEO of the Malta-based crypto-platform revealed that the team is looking to tap into more markets after launching P2P trading of Chinese Yuan, Vietnamese Dong, and Russian Rubles.

While details as to when and which fiat will be enabled have not been disclosed yet, CZ said,

“We are expanding our P2P trading market, where the crypto stays on Binance.com and our escrows are unlocked during the transaction and then you can give cash or bank transfer or whatever other methods you wish to use in your country to the seller”

Elaborating on the same, CZ added,

“For p2p, its zero transaction fees. Binance do not charge any fees for that transactions because we want to encourage more and more of these type of transaction.”

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