Cryptocurrency exchange Binance may be adding support for Ukraine’s and Kazakhstan’s fiat currencies to their fiat-to-crypto trading in the near future.
The exchange could soon add fiat-to-crypto pairs for the Ukrainian hryvnia (UAH) and the Kazakhstani tenge (KZT), after it reportedly added the two currencies to their application programming interface (API).
On his latest Twitter ask-me-anything (AMA) session, Binance CEO Changpeng Zhao (CZ) discussed the fiat bridges or fiat onramps the exchange is bringing onto Binance, “we are adding more fiat on-ramps around the world,” but he didn’t refer to the UAH nor the KZT. Last Wednesday the platform launched Russian ruble trading after CZ announced 10 days earlier they would be adding support for fiat-to-crypto trading pairs. The Russian ruble had been added to the exchange’s API two days before its launch.
On Oct. 24, the exchange launched its fiat-to-crypto gateway in partnership with Flutterwave, one of Binance’s 6 channels for its fiat gateway, for Africa. The gateway, initiated in Nigeria, allows users to purchase BTC, BUSD, and BNB with Nigerian currency, Naira (NGN), using a debit or a credit card. More fiat pairs with BTC for different local currencies such as the Kenyan Shilling (KES) and the South African Rand (ZAR) will be available in the near future as well.