Binance, the second-largest exchange by daily trading volume, has extended trading capabilities for the Turkish lira and added a new trading pair for the lira and the Russian ruble.
Binance users can now trade Tether against the Turkish lira and the Russian ruble.
According to an official announcement on Dec. 25, the exchange opened trading for the new pairs on Binance on Dec. 25 at 8:00 AM UTC.In addition, Binance Turkey's community manager told Cointelegraph that the exchange has added order book trading for all of its Turkish lira trading pairs: BTC, ETH, XRP, BNB, BUSD, and now USDT. Previously, these trading pairs were only available as one-click buys or sells directly to and from the exchange.
Screenshots of Turkish lira trading pairs available on Binance.
The news comes soon after Binance launched fiat onramps of Turkish and Russian national currencies.
As previously reported by Cointelegraph, Binance first silently launched RUB trading on Oct. 30, initially allowing users to deposit and withdraw in Russia's national currency on the platform.
A Turkish lira fiat gateway was first launched on Binance in mid-November, when the platform added support for buying Bitcoin and other cryptocurrencies with TRY via local digital wallet partner Papara.
The new TRY listing join three TRY trading pairs launched on Dec. 20.
As Cointelegraph Turkey reported, those trading pairs included BNB/TRY, BUSD/TRY and BTC/TRY. By launching Turkish lira onramp in November, Binance was apparently a step ahead of Singapore-based crypto exchange Huobi, which announced its plans to launch a fiat gateway for the Turkish lira in October but has yet to launch it so far.
Binance has been similarly looking for employees to establish it office in Turkey, as reported by Cointelegraph on Dec. 6.
Binance Expands Trading for Turkish Lira Trading Pairs
gepubliceerd op Dec 25, 2019
by Cointele | gepubliceerd op Coinage
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