Binance Launches Fiat-to-Crypto Trading Platform for Australia

Wednesday 11 July 2020, 11:57 PM AEST - 6 days ago

Representing the latest addition to the Binance growth outreach, Binance Australia will provide the entire features that are available on the main Binance platform.

The Binance exchange is extending its grip one of the worlds market leader with the introduction of a fiat-to-crypto trading platform by its new entity in Australia. Binance said that the new trading platform will provide its Australian users with a fast, secure, and reliable platform to buy and trade digital currencies with the Australian Dollar (AUD). Through Binance Australia, users can make direct deposits from their bank accounts to deposit Australian Dollars (AUD) using PayID, the cash which can then be used for crypto trading all at zero fees.

Commenting on the new offering, Binance CEO Changpeng Zhao said:

Australia has been at the forefront of blockchain innovation with favorable policies. By providing a secure and regulated platform for trading digital currencies with AUD, Binance Australia aims to make crypto more accessible among Australian users, furthering our mission to provide crypto access and drive freedom of money worldwide.

Binance Has Aggressive Expansion Drive

Binance exchange is arguably one of the exchanges with the most prominent expansion activity in recent times. Established in 2017 by Changpeng Zhao, the exchange made its foray into similar fiat to crypto trading in 2019 with the companys announcement of Binance Jersey, an independent entity from its parent exchange, with the aim to expand its European influence. The jersey-based exchange offers fiat-to-cryptocurrency pairs, including the Euro and the British pound.

Binance has had a lot of impressive partnerships and acquisitions since the turn of the year. It acquired popular digital currency price aggregator CoinMarketCap back in May. Additionally, Binance worked on its payment cards as with an action plan to take a majority stake in popular payment startup as a way to further boost its services. Binance has established join ...

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