Crypto Exchange Binance Adds Hong Kong Dollars to Fiat Gateway

gepubliceerd op by Cointele | gepubliceerd op

Binance, one of the world's foremost cryptocurrency exchanges, now allows deposits in Hong Kong dollars.

According to a Feb. 21 announcement, Binance now offers both deposits and withdrawals in Hong Kong dollars without deposit fees.

After depositing Hong Kong dollars, users are free to spend them on cryptocurrency.

Deposits are enabled through a partnership between Binance and payment processor Epay.

Users can deposit with a swift code, wire transfer, SEPA, Fasapay, PM and other e-currency deposit and withdraw services.

Binance is apparently trying to drive more liquidity into the cryptocurrency market.

As Cointelegraph reported earlier this month, the exchange recently added 15 additional fiat currency options for Visa and Mastercard purchases on its platform.

All these efforts indicate that Binance is trying to attract people to join the cryptocurrency market during this new bull market.

A report published earlier this month suggests that part of the performance issues that Binance users had to endure were caused by an unexpected surge in traffic.

Recently Changpeng Zhao, the founder and CEO of Binance, expressed the idea that Bitcoin's price has not yet adapted to the upcoming block reward halving and will increase even more.

Recent nieuws Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.
x