Binance Looks to add 180 Fiat Currencies to the Exchange | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
At the Binance super meetup in Singapore, Changpeng Zhao, CEO of Binance, announced his goal for the next six to nine months would be to onboard the remaining 180 fiat currencies to the exchange, as reported by Micky, November 13, 2019. The exchange has been on a spree of fiat listings with native support for five fiat currencies already live.
No Stone Unturned
In his search for cryptocurrency dominance, Changpeng Zhao will stop at nothing to ensure Binance is the most robust retail crypto trading platform on the planet. In a bid to support this, the exchange plans to list fiat currencies at a faster rate than most exchanges list tokens.
Fiat support is a major hindrance to cryptocurrency investors across the globe. Stringent regulation and banking bans in certain countries have rendered the on-ramps from fiat to crypto incredibly difficult to build. Even in the face of these regulatory obstacles, Binance remains resilient by finding loopholes to the system.
Supplementing Zhao’s quest for supremacy is his desire to drastically improve the state of customer service. Zhao told the audience that certain exchanges had massive customer support backlogs exceeding tens of thousands of tickets. When Binance entered the market, they promised their customers a response within 24 hours, and his latest promise is to soon reduce that to one hour.
Joining him on stage was Phil Chen, Chief Decentralization Officer at HTC, who unveiled the HTC Exodus One Binance edition.