Malta-based cryptocurrency exchange, Binance announced its latest trading pairs. The platform has extended support for the Ukrainian hryvnia [UAH].
Binance And Ukraine Go Way Back
The largest cryptocurrency exchange, Binance has managed to maintain its spot in the headlines as well as CoinMarketCap’s list of top cryptocurrency exchanges. Almost every day, the platform releases an array of updates pertaining to the exchange. Just yesterday, the platform made news after listing DigiByte [DGB] at a zero listing price.
Binance has evidently been eyeing global expansion for quite some time. The platform not only extended support to numerous fiat currencies but has also set up offices in different countries. In more recent updates, Binance revealed that Ukraine’s currency, the Ukrainian hryvnia [UAH] is the latest addition to the platform. The exchange’s blog post revealed that the Ukrainian currency would be paired against Bitcoin [BTC] as well as stablecoin Tether [USDT].
Binance took to Twitter to share the announcement with the community.
Furthermore, the post suggested that the aforementioned pairs would be available for trading from 24 June 2020 post 6:00 AM [UTC].
The Ukrainian hryvnia [UAH] is not new to Binance as the fiat currency was previously part of the exchange’s ‘Instant Buy’ feature. Through this, users who possessed UAH could purchase cryptocurrencies like Bitcoin [BTC], Ether [ETH], XRP as well as Binance coin [BNB]. Back in March 2020, Binance P2P had also added support of the Ukrainian hryvnia allowing users to purchase and sell prominent cryptocurrencies with zero transaction fees.
Previously, news about the Changpeng Zhao-led cryptocurrency exchange helping the Ukrainian government in the creation of crypto regulations for the country also surfaced the crypto space.
SEPA For Euro On Binance
Just yesterday, Binance revealed that it had collaborated with Clear Junction in order to receive bank transfers through the Single Euro Payments Area [SEPA] as well as Faster Payments. The latest partnership will offer withdrawals along with deposits for both EUR and GBP. Binance’s blog post highlighted that users would be required to complete identity as well as address verification before making use of this service.
The below image exhibits the daily deposit and withdraw limits as well as fees for SEPA.
The daily deposit and withdraw limits and fees for Faster Payments is shown in the below table.
Luke has had a long interest in financial technology, especially cryptocurrency and blockchain. With a Bachelors degree in Journalism and Media, Luke is dedicating his writing skills for the digital currency sphere.He can be contacted at email@example.com