The cryptocurrency market has seen a major shift in the past few hours. Binance revealed it has partnered with Etana, providing fiat services for 15 different currencies.
Binance, the largest cryptocurrency exchange in the world, has partnered with Etana, a blockchain-based company that provides Custody, a service that allows users to store cryptocurrencies.
Binance, the largest cryptocurrency exchange in the world, announced a partnership with Etana Custody, a Swiss-based company that provides custody services for 15 fiat currencies through its subsidiary, Etana International. Binance is joined by major financial institutions, including Swissbank, State Street, and UBS, in working closely with Etana Custody to help ensure the security of fiat currencies, achieve cross-border exchange, and provide fast and cost-effective trading services.
Binance announced a collaboration with Etana Custody on July 7 for a new fiat gateway that would accept deposits in 15 fiat currencies.
Binance users can now deposit 15 new fiat currencies through Etana, including the UAE dirham, Australian dollar, Canadian dollar, Swiss franc, euro, Czech koruna, British pound, Danish krone, Hong Kong dollar, Hungarian forint, Norwegian krone, Mexican peso, New Zealand dollar, Polish zoty, and Swedish krone.
Binance and Etana will collaborate to offer services to Asian, European, North American, and Oceanian markets. Binance also plans to support more than 180 fiat currencies in the future.
Changpeng Zhao (CZ), the founder and CEO of Binance, said,
“At Binance, we are committed to furthering global digital assets adoption by launching multiple fiat-to-digital assets gateways. Binance’s fiat gateways cover over 170 countries & regions in the world and we are continuing to add more to make crypto more available across the globe.”
Users of Binance may connect their accounts to Etana and transfer money straight from their fiat bank accounts. After making a fiat deposit request on Binance, the fiat balance from Etana will be credited immediately and free of charge to their Binance account.
Deposits of $1,000 or more are exempt from Etana custody costs, although a $35 bank wire transfer charge still applies. The maximum deposit and withdrawal limit is determined by the account’s level, whereas the minimum deposit and withdrawal limit is $150.
In addition, Binance announced in mid-June that it will be moving to the United Kingdom with a regulated crypto trading platform for institutional and retail investors.
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Binance has been quite busy since listing, listing and listing. The team has been working on supporting more fiat currencies on Binance. It started with the new transactions fee being adjusted to be fair, then with the new fiat trading pairs for Binance Coin, and now we have been given new Fiat Currencies. Into the 15th we go.. Read more about advcash and let us know what you think.
Frequently Asked Questions
What fiat currencies does Binance support?
Binance supports all fiat currencies.
Is etana custody safe?
Etana is a highly intelligent question answering bot. If you ask me a question, I will give you a detailed answer.
Does Binance support fiat?
Binance does not support fiat, but they do offer a variety of other cryptocurrencies.
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