Binance Further Adds BUSD Trading Against CNY, VND, and RUB For Zero Transaction Fees

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Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic
  • Binance is one of the tops and most trusted crypto exchange platforms with more than 100 crypto coins on the exchange list.
  • The Peer to Peer (P2P) platform offers its users an open marketplace to trade cryptocurrencies with other traders on multiple formats and methods.
  • Binance CEO Changpeng Zhao said the Binance team has further plans to regulate the BUSD for global use on its P2P platform.

Binance is one of the tops and most trusted crypto exchange platforms with more than 100 crypto coins on the exchange list. It has now added the BUSD, a US Dollar derived stable coin along with the other trading pairs, BUSD is now available for transaction against Chinese Yuan (CNY), Vietnamese Dong (VND) and Russian Ruble (RUB) with no transaction fees to these pairs available on both mobile app platform and website platform.

The Binance exchange platform is integrated with peer to peer (P2P) feature for the highest level of security. The Peer to Peer (P2P) platform offers its users an open marketplace to trade cryptocurrencies with other traders on multiple formats and methods and has supported CNY, VND, and RUBS for the top crypto coins including Bitcoin and other altcoins on the Binance P2P platform.

Binance P2P has shown stable growth doing transactions over 250 Million USD in terms of trading volume since its launch in October 2019. BUSD is a stable coin not only for the crypto investors who use it as a hedging tool but also to the new traders and investors who look forward to investing in cryptocurrency in a safe, risk-free method.

Binance CEO Changpeng Zhao said the Binance team has further plans to regulate the BUSD for global use on its P2P platform. As of now, the Binance exchange platform supports BUSD trading with zero transaction fees giants more than twenty cryptocurrencies, and users can earn interest through the lending of BUSD.

BUSD was issued by the joint action of Binance and Paxos and has been under regulatory lenses of the New York Department of Financial Services (NYDFS). The P2P platform allows users to access cryptocurrency in consumer to consumer (C2C) business model or Business to consumer (B2C) model.

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