The largest cryptocurrency exchange by market cap, Binance, has announced the integration of Russian Ruble fiat gateway for the top three cryptocurrencies Bitcoin, Ethereum, and XRP, as well as the native token of the exchange, BNB, a report confirms.
Customers of the exchange within the Russian enclave can now easily buy cryptocurrency with the country’s fiat currency. Binance mentioned that users can also check their “RUB balances and trading options.”
Changpeng Zhao said the development will give fellow Binancians more trading options when BTC/RUB, ETH/RUB, XRP/RUB and BNB/RUB trading pairs go live.
Lately, Binance had been working hard on the adoption of cryptocurrency by introducing different fiat gateways on its platform.
After blessing Nigerians with the opportunity of buying cryptocurrencies with the country’s national currency Naira directly, Indian Rupees INR, and Turkish Lira TRY fiat gateways were also introduced, thereby allowing people to buy cryptocurrencies directly with the fiat currencies.
This undoubtedly reduces the hassle encountered while purchasing cryptocurrencies. Currently, users can buy cryptocurrencies on Binance exchange with no less than 9 different fiat currencies.
Other fiats available for crypto trade on Binance include; EUR, UAH, CNY, KZT and USD.
Binance Futures Releases ETH/USDT Perpetual Contract
The second perpetual contract is now live on Binance Futures, the exchange has stated.
Binance Futures opened ETH/USDT perpetual contract on November 30, allowing users to select between 1-50x leverage.
The exchange added that its 50% trading fee discount on Binance Futures is still on, and will end on December 13.