Binance has announced the addition of four new trading pairs supported by two fiat currencies, namely Turkish Lira (TRY) and Russian Ruble (RUB). The newly included trading pairs are ETH/TRY, XRP/TRY, USDT/TRY, and USDT/RUB. Trading with these new pairs was kickstarted on December 25, 2019, at 8 AM (UTC).
Binance informed its customers that the exchange will now provide an order book facility for all the newly infused trading pairs on the network.
Binance’s decision to expand its trading pair offerings against Russian Ruble garnered a mixed reaction from the community as the Russian authorities have failed to offer a systematized regulatory framework for cryptocurrencies and its operations. The exchange extended trading support with Russian Ruble in late October this year while it added support with Turkish Lira in November. The trading opportunities with the Turkish currency were facilitated by a strategic partnership with Papara, a leading payments service platform.
December also witnessed Binance collaborating with Paxful, an Estonia-based bitcoin trading platform. This partnership allowed the Binance users to purchase Bitcoin on the exchange network using 167 fiat currencies.