The largest Crypto exchange in the world Binance is expanding into the European markets by launching a new Cryptocurrency exchange with EUR/GBP fiat pairs based out of Jersey.

The Malta-based exchange giant announced on Wednesday that customers will be able to trade Bitcoin (BTC) and Ethereum (ETH) with Euro and British Pound (GBP) fiat pairs via its new exchange Binance.je.

“Binance is excited to announce that Binance’s EUR/GBP Fiat Exchange, Binance.je, is now online, with trading in BTC/GBP, ETH/GBP, BTC/EUR and ETH/EUR trading pairs now open. “

Changpeng Zhao, CEO of Binance tweeted:

You asked for it, we listened. AND worked hard in the background for all this time!#BUIDL baby #BUIDL https://t.co/YyOx36Oi3G — CZ Binance (@cz_binance) January 16, 2019

The new exchange supports most of the European countries including France, the United Kingdom (UK). Germany, Spain, and others. Binance.je will also cater to customers outside Europe including:

Argentina, Australia, Brazil, Canada, Chile, Eswatini (formerly Swaziland), Hong Kong, Israel, Jamaica, Japan, Macau, Mauritius , Mexico, New Zealand, Peru, Singapore, South Korea, United Arab Emirates (UAR) and Uruguay.

Binance has also announced a reward of 20 EUR to the first 5,000 users to register and complete Account Verification (KYC) on their new exchange.

Jersey is the largest island situated between England and France. Binance has been working with the development agency Digital Jersey to develop and launch the exchange. Binance Jersey will be a separate entity independent of the main Crypto to Crypto exchange based out of Malta.

The exchange’s chief financial officer, Wei Zhou, told CoinDesk:

“Binance selected Jersey for its highly developed digital infrastructure, robust regulatory framework, and world-class financial services sector,”

Malta-based Binance is also planning to launch a decentralized exchange (DEX) soon.

Image Source (Modified): Flickr

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