13 August 2020
The leading crypto exchange that shares cryptocurrency live charts, Binance has launched its fiat-to-crypto trading platform in Australia. The platform will enable Aussies to trade and buy digital currencies with their local currency.
Binance has announced that it is expanding fiat to crypto services for Australian clients. The announcement was made through a blog post that states that Aussies can now buy and trade digital currencies with their local currency – the Australian dollar (AUD). The customers of Australia can now deposit AUD directly from their bank accounts onto the platform by using PayID.
The Australian users would be able to deposit AUD without any fees. If a customer wants to withdraw funds from their account one has to simply link their local bank accounts to Binance Australia and make a withdrawal request. The platform as per now is available on desk and mobile web and soon the app will be launched. Binance CEO CZ, says that Australia has been at the forefront of blockchain innovation with favorable policies.
In the last couple of years, Binance has expanded globally. Binance CEO has gained control over many local crypto exchanges and blockchain firms across countries. With an introduction of Australia fiat-to-crypto trading, it has added a new feature in the exchange’s cap. The Binance in Australia aims to make crypto more accessible among Australian users, furthering its mission to provide crypto access and drive freedom of money worldwide.