Binance wants to make rapid developments on its P2P trading platform by adding the Sri Lanka Rupee and Cambodia Riel. They have made an addition of four fiats.
A news post on Ambcrypto has pointed out that Binance P2P is making headway in Asia as it aggressively is adding Sri Lanka Rupee and the Cambodia Riel. Besides, they have added a total of four fiats to their list.
Now, they have added Sri Lanka Rupee [LKR], Cambodia Riel [KHR], Myanmar Kyat [MMK], and Lao Kip [LAK]. These fiats will trade against Bitcoin [BTC], Binance USD [BUSD], Tether [USDT], Ethereum [ETH], DAI, and Binance Coin [BNB].
Webnow, which is a blockchain and cryptocurrency market analysis company, had this to tweet
The announcement said that they would trade with zero transaction fees. Binance wants to give more attention to Asia, with the region garnering the highest value this year. The demand for P2P in the Asia Pacific was the second largest in terms of P2P volume.
It was only after North America. That is a good sign because many developing as well as under-developed countries are making the line. Research taken from Local Bitcoins and Paxful, showed that the Sri Lanka Rupee had done well in the past seven days.
The Asian market is dominated by the Chinese Yuan, Philippine Peso, and the Indian Rupee. However, the Sri Lanka Rupee and the Cambodia Riel saw a surge in Asian P2P. The cryptocurrency announced the launch of Express mode, where users can buy and sell USDT.
Uses can also make use of the BTC with Vietnamese Dong [VND], Indian Rupee [INR], and the Hong Kong Dollar [HKD] using the mobile application. They can place orders using the crypto amount or the fiat utilizing any payment method of their choice.
Binance has seen a lot of volume entering the exchange as several investigations are going on in different exchanges in China. It is evident that the cryptocurrency market is a secure place for having assets as it grows throughout the world without much hassle.