Binance joined hands with Simplex to allow
users purchase cryptocurrencies such as Ripple (XRP), Ethereum (ETH), Litecoin
(LTC), Bitcoin (BTC), NEO, and Stellar using credit cards. The initiative
allows wider adoption of cryptocurrency worldwide.
Binance platform handles 1.4 million orders in a second
Chief Executive Officer of Binance, Changpeng Zhao said the company intends to provide traders a secure, and faster access to the crypto. To achieve this aim, Binance roped in Simplex to provide a platform that facilitates the purchase of crypto using credit cards worldwide. The Simplex powered Binance platform allows traders to seamlessly buy cryptocurrency with the help of credit cards (MasterCard and Visa) and trade instantly. The new platform can handle 1.4 million orders in a second. Binance is one of the largest and fastest platforms in the world. The users can use the cryptocurrencies to buy and sell more than 150 coins listed on Binance.
Chief Executive Officer and Co-founder of Simplex, Nimrod Lehavi said payments using a credit card is an easy and quick way to facilitate widespread use of crypto. The users can now enjoy a faster and better experience in trading the cryptocurrencies worldwide.
Binance allows trading in global currencies
Binance has introduced country-specific platforms to facilitate trading in GBP, Euro, and Ugandan Shillings. According to Zhao, the use of crypto is still in an infant stage.
Despite the bear market for cryptocurrency in 2018, Binance could introduce new trading pairs, deliver innovative products, expand the teams, and increase support for more stablecoins. Zhao is optimistic that the trend for crypto would be positive in the long run. It will ultimately be a win-win strategy for traders, who toiled hard in creating the values day and night.
In the past year, a multitude of businesses announced layoffs because of the bear market. But Binance continued its progress even in the bear market by building new teams and launching innovative products. Zhao is pleased with the buildup of fiat in the large markets like Asia and Europe.
Apart from launching new sites to facilitate trading in global currencies, the company would soon introduce technically advanced and exciting services like Binance DEX and Binance Chain.