Leading crypto exchange Binance has announced a new fiat getaway partnership with Etana Custody. The partnership would see Etana provide deposit services for Binance, with support for 15 fiat currencies.
Etana Custody is one of the top third-party custodian of fiat and digital assets for investors across the world. According to Binance, the partnership is geared towards ensuring swift and seamless fiat deposits across the European, North America and Asian markets.
The report further says that Binance users will be able to link their accounts to Etana accounts and wire funds directly from their banks to Etana. This balance can then be credited to their Binance wallet without any fee charged when the customer on requests a fiat deposit transfer on their Binance account.
The following currencies will be supported by Etana Custody and include Swiss Franc (CHF), Czech Koruna (CZK), Euros (EUR), British Pound (GBP), Hong Kong Dollar (HKD), Danish Krone (DKK), Hungarian Forint (HUF), Swedish Krona (SEK), Mexican Peso (MXN), Norwegian Krone (NOK), New Zealand Dollar (NZD), United Arab Emirates Dirham (AED), Australian Dollar (AUD), Canadian Dollar (CAD), and Polish złoty (PLN)
Binance Partnership with Etana: A Continuation of Adoption Process
This latest partnership with Etana indicates Binance’s relentless quest to expand its integration towards more regions across the world. The blockchain platform recently added support for Nigerian Naira on its P2P platform. This development will enable users from the Africa most populous nation to transact BTC, USDT, ETH, BUSD and BNB with the Naira with zero transaction fees.
This was some days after the cryptocurrency had announced a strategic deal with Turkish bank Akbank. The partnership made Akbank the first bank to have direct integration with the Binance ecosystem.
Binance founder Changpeng Zhao had previously expressed his intention of increasing digital assets adoptions with more fiat gateways in the coming months.
At the time of publication Binance’s fiat gateways supports over 160 countries’ currency across the world. It will be interesting to see how this latest partnership drives adoption within these regions.