Binance has reportedly rolled out additional support feature for Russia’s fiat currency, with the updated facilitation for Russian ruble pairs, on its peer-to-peer trading platform.
Revealed on February 11th, using the Android and iOS-based Binance mobile app, clients are now able to conduct transactional activities for Tether (USDT), Bitcoin (BTC), Ethereum (ETH) and Binance Coin (BNB) for rubles, free-of-charge, via a network of peers.
Binance P2P was released in October last year, to provide support for the fiat-to-crypto access across the globe. At the beginning, the platform only supported Chinese yuan-enabled transactions, and now has added facilitation for Vietnamese dong and now, the Russian ruble.
The peer-to-peer trading platform is an initiative carried out by Binance, in an attempt to offer a more user-focused service. Previously in January, the exchange introduced a program, which looks to include P2P merchants that have conversion services, the same way LocalBitcoins does.
Although Binance has been widely perceived as a crypto-only trading platform, numerous fiat-to-crypto gateways have been rolled out during the past months, with the ruble was facilitated via credit card-enabled instant crypto purchases, and Turkish lira also had added support feature in November 2019.