According to the chief marketing officer and co-founder of Binance, He Yi, Binance is planning to add over-the-counter (OTC) trading into its platform that will increase its customers’ fiat currency gateway.

The new OTC service will specifically support fiat on-ramp for Chinse yuan and will be part of Binance’s strategy to be more competitive in the Chinese market.

In addition to this, the cryptocurrency exchange giant also plans to roll-out a payment service to allow users from 170 countries to buy crypto assets using fiat currencies at Binance.com.

Since the ban on crypto trading in China, fiat-to-crypto OTC trading has been a critical part in terms of fiat on-ramp for crypto traders based in China.

Binance is quickly racking up deals that increase its links with the real economy and improve its connections to mainstream finance.

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: http://cryptowarrior.tech/crypto-exchanges/binance-entering-fiat-to-crypto-otc-trading-soon/

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