Cryptocurrency News

Binance marks Entry in European Market with Binance Jersey


Binance is all set to expand across European Markets with the launch of its new platform Binance Jersey.  The platform will facilitate fiat to cryptocurrency trading.



Trading on Binance Jersey will include pairs BTC/GBP, ETH/GBP, BTC/EUR and ETH/EUR . It will be available for the exchange’s users after account verification in accordance with Know Your Customer (KYC) process. In the press release, the exchange mentions that an expansion into the European markets will provide  a great degree of freedom from looming Brexit uncertainty. The uncertainty also brings Pound and Euro under radar.

Also Read: IBM to track Cobalt Supplies in Congo with its Blockchain Platform

In August, Coinbase opened an office in Dublin. This was part of a contingency plan for the time when  U.K. leaves the European Union. The leading exchange signed a memorandum of understanding in June with an independent Digital Jersey. It is an organization representing Jersey’s digital industries.


Promoting Blockchain Use

The collaboration will  deliver training as part of the organization’s digital skills program.  The purpose is promoting use of blockchain technology  in Jersey, as well as support Binance in discussions about compliance with AML regulations. Furthermore, yesterday, Belarus launched a trading platform.

The platform  allows users to buy tokenized versions of shares of gold and other traditional assets. Interestingly it  received 2,000 registration applications within the first two hours of its launch.

TCU reported,  ABCC crypto exchange recently on Twitter announced it has partnered with the TRON(TRX)’.Through the partnership, ABCC has become the first cryptocurrency exchange to list TRC-10 tokens. The announcement came just a few days after the exchange revealed it is working to list both TRC-10 and TRC-20 on their platform.

Also Read: Report: Increasing Blockchain Developers Salary does not equal Increase in Crypto Activity

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