Russian ruble will be the first fiat currency for the cryptoactive trade
Binance made the announcement and also reported the new BCH-1FD token linked to the value of bitcoin Cash (BCH)
The global cryptocurrency exchange platform Binance announced its next launching related to fiat currency trading pairs to cryptocurrencies. When everyone thought that the US dollar could be the first fiat currency in the Binance exchange it turned out to be something different.
Changpeng Zhao (CZ), the company’s CEO, said at the Open Innovations 2019 conference in Moscow: “We are currently adding support for fiduciary trade. In about two weeks or so, we should have support for the Russian ruble trade”, as Coindesk reported.
Token innovation
The exchange also announced a new token linked to the value of the Bitcoin Cash (BCH) cryptocurrency, which has been included in its decentralized exchange, Binance DEX. This platform reported that its token called “BCH-1FD” would bring more options for DEX users.
According to this, Binance has pointed out that “5,000 BCH-1FD tokens have been issued in Binance Chain, which makes BCH the third BEP-2 token issued by Binance after BTCB, a stable currency linked to Bitcoin (BTC) , as well as an XRP anchored token. Since the launch of Binance Chain six months ago, more than 140 token projects have issued tokens in the community-run Binance Chain block chain.”
So far, the global exchange platform has only admitted crypto to crypto trade. However it has undertaken in some local fiduciary links in Uganda, Singapore, Jersey and, more recently, in the US.
K.Villarroel
Source: dailybitcoin
