Since they moved to Malta they made some deals with banks there. Its not clear if Binance itself will stay as Crypto-crypto spot and they will just add another platform for fiat (to avoid some issues with KYC ie) or they will somehow add this but we can be sure FIAT is coming.

Since they moved to EU, EUR will be first, then it seems USD and then GBP.

The info comes from Bloomberg interview.

Binance, one of the world’s largest cryptocurrency exchanges by traded value, will soon allow customers to convert digital tokens into fiat currencies such as the euro, according to Chief Executive Officer Zhao Changpeng.

It seems they will also work with Jersey and get GBP using their structure.

CEO of Binance, Changpeng Zhao, said, “We have chosen Jersey to be the next big step in our global expansion strategy for its clear and pro-crypto investment and regulatory environment. With its local economy based on a major currency (GBP), and its close proximity to the UK and Western Europe, we are confident the cooperation with Jersey will not only benefit the local economy, but also form a strong operational foundation for our expansion into the rest of Europe.”

Markets

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BNB

Scared of BNB?

There are two other exchanges with really similar layouts which also have their tokens used similar way. KuCoin and KCS and BiBOX with BIX, you can still be early on those.

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