Now users of the platform have a fiat option for exchanges on Binance. It is an exchange agreement with the firm Etana Custody, through which there is the possibility of buying cryptocurrencies with the use of 15 currencies.
The announcement was made by Binance last Monday on his blog. In it, details of the agreement with the aforementioned Etana Custody with whom this exchange door will be operated were offered.
It should be noted that Etana is a company dedicated to the custody of fiat and digital money used by institutional investors around the world. The association of both firms will allow safe exchanges on all continents.
15 currencies in the fiat exchange option for cryptocurrencies
Users from 15 countries, spread across 5 continents, will be able to use their national currencies to exchange Bitcoin and dozens of other digital currencies.
Some of the national currencies to receive include the UAE Dirham, the Koruna of the Czech Republic, the Danish Krone, the Mexican peso, among others. The modality is to link the Binance account with Etana to carry out the surcharges with the currencies of any of the 15 countries on the list.
An important aspect is that, according to the blog post, the option to use fiat on Binance to trade cryptocurrencies is free of charge when making deposits.
“We are extremely pleased to introduce this new fiat door through Etana Custody. Integration helps to make access to digital assets less difficult for people participating in the markets of Europe, Asia, North America and Oceania ”, says the exchange’s CEO, Changpeng Zhao, quoted by the blog.
At the same time, he assured that Binance is making every effort to open fiat-digital purchase options. Currently it is a method that covers about 170 countries, the vast majority of them through the US dollar.
A “perfect experience” for clients
For his part, Brandon Russel, CEO and founder of Etana Custodi, assured that they are working to provide a perfect experience. The same will be enjoyed by customers regarding the exchange of fiat for cryptocurrencies.
“We share that vision of providing our clients with a perfect experience of exchanging fiat to digital currency, promoting broad access to digital markets. By partnering with Binance, users of that platform have the option of keeping their digital assets in Binance and their fiat balances in Etana. It is an alternative to provide joint solutions to participants in digital markets ”he stressed.
Etana Custody is working to provide its clients with the best tool to improve access to digital assets. For his part, Binance promotes access to cryptocurrencies through fiat money. This opens the doors for a more massive use and access of millions of people to digital money.
The alliance allows both firms to complement each other in their objectives. At the same time, it gives a vision of what the future could be of transition between one form of money to another, on the one hand, or the coexistence of both models.
Data to consider
- Binance offers exchange option from fiat to cryptocurrencies in more than 150 countries.
- With this new opening, another 15 national currencies are added to the options of exchanging fiat money for digital assets.
- Fiat money refills to Etana Custody for use in the exchange for cryptocurrencies, is free of charges.
- The alliance between the two firms allows you to complement their objectives of providing better services to their clients.
- The 15 currencies included in the agreement are AED, AUD, CAD, CHF, CZK, EUR, GBP, HKD, DKK, HUF, MXN, NOK, NZD, PLN and SEK.
The information in this content has been extracted from reliable sources detailed below.
1- Professional handling of content by the authors of CriptoTendencia.
2- External sources: Binance blog, etana.com.