- Binance announced the first-ever bank integration with Turkish bank company Akbank with its platform.
- Binance is not new to these collaborations across global companies and banking sectors.
- Changpeng Zhao shared that the integration with the first bank is part of their mission to continue to strive towards achieving the freedom of money goals globally.
Binance announced the first-ever bank integration with Turkish bank company Akbank with its platform. This integration has been possible due to the bank striving for advanced digital payment options.
This integration was made official yesterday, and the users now have the option of direct deposit and withdraw native Turkish currency Lira (TRY) on the Binance Desktop version. It also on the iOS platform without any time constraints with the most effective transaction fees possible.
Binance is not new to these collaborations across global companies and banking sectors. It does these integrations to implement a digital face on the traditional methods and aims to showcase the power of digital assets and the transformation they can bring in a platform.
The Malta-based Binance exchange holds the top position in the number of users in the daily activity on the platform and has the largest figures in terms of trading volume compared to any other exchange platform. The main aim of Binance is to provide a pathway for crypto access around the globe through its platform and make a clear path for fiat to crypto exchange on its platform.
Binance is not just a single company providing the service of the exchange platform. It has grown into an ecosystem that comprises of Binance Labs, Binance DEX, Binance Launchpad, Binance academy, Binance Research, Binance Charity Foundation, Binance X and Trust Wallet.
On this collaboration, the CEO and founder of Binance, Changpeng Zhao, shared that the integration with the first bank is part of their mission to continue to strive towards achieving the freedom of money goal globally.
It is pleased with bagging a chance to implement the idea to one of the fast adapting banks towards digital assets, and also with Binance.
They are bringing about many options so as to gain access to the banking community in a trustful manner. Users under the bank already have the option to exchange from fiat to crypto directly and also are processed for investing, exchanging, and trading crypto seamlessly.