How the market will react. Binance opened the first crypto-Fiat exchange

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The platform works in Uganda, 17 October, she will begin to accept deposits in local shillings, Bitcoin and Ethereum. Trade will be available on it in two weeks

Binance company announced the launch of a crypto-Fiat exchange in Uganda, where clients can trade shillings, bitcoin and Ethereum. Users can already send their documents to complete the KYC procedure, on Wednesday, the platform will begin to accept deposits.

Chapter Binance, Chanpen Zhao in his Twitter account stated that trade the platform will start in about two weeks. Finansoviy Director of the company called the launch of the trading platform in Uganda, an important step towards a stable economic development of African countries.

Earlier Binance has begun testing a crypto-Fiat exchange in Singapore. In the summer, the company announced the launch of such trading sites together with Lichtensteinii cryptocurrency exchange LCX.

More news on cryptocurrency can be found in our telegram channel RBC-Crypto.

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