Binance, one of the world’s largest cryptocurrency exchanges regarding market cap, has just added support for the fiat Vietnamese Dong, making this the second fiat currency is currently supports in terms of peer-to-peer trading, reports FinanceMagnates.
As of now, users can purchase Bitcoin, Ethereum, Binance’s official cryptocurrency, Binance Coin, and the stablecoin Tether. The other fiat asset it supports is the Chinese Yuan.
Speaking on the matter is Binance CEO Changpeng Zhao, who 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.”
From there, Binance has already been working on a trading service set to launch in Japan. On top of this, the platform recently had pulled its main services from United States users due to the regulatory state over there. However, since then, the exchange has launched a United States version called BinanceUS which provides similar offerings to its users.
“Vietnam has enormous economic growth potential, a vibrant entrepreneurship landscape, and wide cryptocurrency acceptance, making it the next global blockchain hub. We look forward to expanding our services for the local community and supporting the growth of the Vietnamese blockchain ecosystem,” said Zhao.