In a recent announcement, Binance reported that it had launched the peer-to-peer (P2P) trading services for Vietnamese dong (VND). VND is the national currency of Vietnam. By these trading services, the traders can buy and sell four important digital currencies, like Ethereum, Tether, Bitcoin, and Binance Coin, by using fiat.
— Binance (@binance) January 21, 2020
Additionally, Binance is watching Vietnam as one of the crypto hubs in the South Asian region and is explicitly targeting the nation with its services. Binance hopes to extend its services and the adoption of the cryptocurrencies by making the purchasing of cryptocurrency easy with fiat money at low costs.
Remarking on the development, Changpeng Zhao said,
Binance is committed to providing our global users with more convenient fiat gateways and easy access to cryptocurrency and our P2P service aims to lower the barriers to entry to the crypto world. We are pleased to introduce fiat-to-crypto P2P trading services to Vietnamese users to flexibly trade cryptocurrency at low costs.
As of late, Binance stated that it has upgraded its platform to incorporate Vietnam’s fiat currency. Clients would now be able to purchase and sell cryptocurrencies utilizing VND through the most recent version of the Binance mobile application.
The set of cryptocurrencies supported by Binance does not include XRP in its list of four cryptocurrencies. Binance is the world’s driving cryptocurrency exchange based on daily trading volume. Moreover, they are constantly including new features, enabling traders to benefit from a diverse set of tools.
Binance’s support for dong (VND) will ultimately permit clients of Vietnam to buy and sell crypto straightforwardly with the official money, VND. The most recent Binance P2P is accessible for mobile users on Android and iOS.
Harvey is the FinanceWhile’s passionate news writer. Before joining our team, he was a freelance writer and had written a number of articles related to finance and economics for foremost publications and news sites. He is an avid traveler. In leisure, he loves to travel and explore new places.