Fiat-To-Crypto Trading For The Vietnamese Dong Open On Binance

Binance now allows direct fiat-to-crypto trading for the Vietnamese Dong as a part of its further expansion plan, still remaining the leading cryptocurrency exchange as we are reading further in the Binance news below.

Binance is the world’s leading cryptocurrency exchange according to its daily trading volume and now, the platform continues to add new features allowing traders to take advantage of the new diversified set of tools. According to the latest press release, Binance adds fiat-to-crypto peer-to-peer trading for the Vietnamese Dong and the users will be able to purchase and sell USDT, BTC, BNB, ETH with VND. The option will be open for both Android and iOS users. The CEO of Binance, Changpeng Zhao explained more about the decision:

‘’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.’’

The number one exchange platform continues to expand and in a couple of years, it managed to prove that it is possible for an exchange platform to become a renowned and reputed organization with continuous growth. Some of the reasons for that are the strive to comply with the existing regulation in the countries they operate within. For example, in 2019, Binance prohibited all US-based traders from using their main exchange because of the legislation in the country. However, shortly after they created a designated platform that is compliant with all of the US laws and allowed traders to take advantage of that situation.

The exchange is also doing a lot of hard work in the area of futures trading since just a few weeks ago, Binance supported only BTC for futures trading but has since added a lot more cryptocurrencies including EOS (EOS), Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP), Tron (TRX), Chainlink (LINK), Ethereum Classic (ETC) and Stellar (XLM). Binance is still the preferred choice for traders across the world, making it easy for the company to expand in all parts of the globe.