Binance has launched P2P trading functionality with BTC, ETH and USDT available for trading against CNY (Chinese Yuan).
One of the largest cryptocurrency exchange in the world Binance is set to add WeChat and Alipay, which are popular payment channel in China to its fiat exchange gateway. It will allow users in China to buy bitcoin with both the payment options.
Binance CEO Changpeng Zhao “CZ” confirmed the news on Twitter today on Oct. 9 in the reply to the tweet by blockchain & crypto mining enthusiast Hylyi Lu.
Today on Oct. 9, Binance announced that it has launched P2P trading. With this move Binance also entered in P2P trading functionality after Huobi and OKEx. As per Binance:
Binance has launched P2P trading functionality with BTC, ETH and USDT available for trading against CNY (Chinese Yuan).
Trading in cryptocurrencies and crypto exchanges are banned in China since 2017 but Chinese can still buy bitcoin via peer-to-peer (P2P) platforms like in India or through over-the-counter (OTC) trading desks.