Binance Pairs Bitcoin And Tether Against Ukrainian hryvnia

23 Jun, 2020

By Sahana Kiran

Contributor

Sahana Kiran is a graduate in Political Science, Economics and Journalism. She is a full-time crypto writer at CoinGape and takes a keen interest in cryptocurrencies, especially Ethereum and Bitcoin. Even though she's not a HODLER yet, she has eyes on Bitcoin.

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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Binance And Ukraine Go Way Back

The largest cryptocurrency exchange, Binance has managed to maintain its spot in the headlines as well as CoinMarketCap’s list of top cryptocurrency exchanges. Almost every day, the platform releases an array of updates pertaining to the exchange. Just yesterday, the platform made news after listing DigiByte [DGB] at a zero listing price.

Binance has evidently been eyeing global expansion for quite some time. The platform not only extended support to numerous fiat currencies but has also set up offices in different countries. In more recent updates, Binance revealed that Ukraine’s currency, the Ukrainian hryvnia [UAH] is the latest addition to the platform. The exchange’s blog post revealed that the Ukrainian currency would be paired against Bitcoin [BTC] as well as stablecoin Tether [USDT].

Binance took to Twitter to share the announcement with the community.

Furthermore, the post suggested that the aforementioned pairs would be available for trading from 24 June 2020 post 6:00 AM [UTC].

The Ukrainian hryvnia [UAH] is not new to Binance as the fiat currency was previously part of the exchange’s ‘Instant Buy’ feature. Through this, users who possessed UAH could purchase cryptocurrencies like Bitcoin [BTC], Ether [ETH], XRP as well as Binance coin [BNB]. Back in March 2020, Binance P2P had also added support of the Ukrainian hryvnia allowing users to purchase and sell prominent cryptocurrencies with zero transaction fees.

Previously, news about the Changpeng Zhao-led cryptocurrency exchange helping the Ukrainian government in the creation of crypto regulations for the country also surfaced the crypto space.

SEPA For Euro On Binance

Just yesterday, Binance revealed that it had collaborated with Clear Junction in order to receive bank transfers through the Single Euro Payments Area [SEPA] as well as Faster Payments. The latest partnership will offer withdrawals along with deposits for both EUR and GBP. Binance’s blog post highlighted that users would be required to complete identity as well as address verification before making use of this service.

The below image exhibits the daily deposit and withdraw limits as well as fees for SEPA.

The daily deposit and withdraw limits and fees for Faster Payments is shown in the below table.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.