The world’s leading cryptocurrency exchange Binance announced on Monday that it has launched peer-to-peer (P2P) trading services for Vietnamese Dong (VND). Users will now be able to trade in prominent tokens like USDT, BTC, ETH, and BNB using VND.
— Binance (@binance) January 21, 2020
The announcement was made via a blog post on the exchange’s official website. Commenting on the development, Binance CEO and Co-founder, Changpeng Zhao said,
“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. We hope to provide multiple fiat-to-crypto access for our users in over 180 countries and eventually achieve our mission of freedom of money.”
Binance has been aggressively working on expanding the flexibility of the platform by offering more and more options to the users for trading. It is also expanding its network by partnering with new companies as it did with two subsidiaries of Yahoo Japan. As mentioned in the official post, Binance P2P service will keep extending its support for fiat currencies on the trading platform. Binance P2P is a unique platform, that allows users to access cryptocurrencies via a customer-to-customer or business-to-customer model. A couple of weeks ago, Binance added three new fiat currency gateways for customers, which will allow customers to use their VISA cards to purchase cryptocurrencies.
Vietnam, in line with Southeast Asian countries, is emerging as a robust economy with high-quality entrepreneurship. The country has witnessed a blockchain boom in recent years, and as CZ said, Vietnam will become the next global blockchain hub. “We look forward to expanding our services for the local community and supporting the growth of the Vietnamese blockchain ecosystem,” the Binance chief further added.