- Binance is adding Indian Rupee and Indonesian Rupiah to its list of fiat currencies for P2P trading.
Global cryptocurrency exchange platform Binance has announced the introduction of peer-to-peer (P2P) transactions for Indonesian Rupiah (IDR) and Indian Rupee (INR). This means that users of the exchange website and mobile application in India and Indonesia can now buy cryptocurrencies such as Bitcoin, Ethereum, BUSD, USDT, and the company’s very own cryptocurrency Binance coin (BNB).
Changpeng Zhao, CEO of the company, said:
“India and Indonesia are two of the largest emerging markets with tremendous potential in crypto adoption, and we are pleased to empower the massive population with easy-to-use crypto access. On Binance.com, we offer our users various fiat-to-crypto access, and P2P trading is a simple approach for users to buy and sell crypto in multiple payment methods. Moreover, users can earn profits from trading cryptocurrencies with other users or verified merchants on the Binance P2P trading platform.”
With the addition of INR and IDR, the total number of fiat currencies accepted by Binance for P2P trading has increased to 20. Indian and Indonesian users can buy and sell cryptocurrencies with zero trading fees with Binance.
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