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Press Release

Binance Jersey lists GBP-backed stablecoin BGBP to fiat-to-crypto exchange

“There has been an overwhelming demand in the market and Binance community for more stablecoin diversification, including a GBP-pegged stablecoin, and listing BGBP is in response to it"

Jersey. 19th July 2019 – Binance Jersey, the fiat-to-cryptocurrency platform for the buying and selling of cryptocurrencies with Euros (EUR) and British Pounds (GBP), has listed a GBP-backed stablecoin, Binance GBP Stablecoin (BGBP). Binance looks to continue providing more options in the cryptocurrency and stablecoin space and providing its European users with a better trading experience.

“There has been an overwhelming demand in the market and Binance community for more stablecoin diversification, including a GBP-pegged stablecoin, and listing BGBP is in response to it,” says Wei Zhou, CFO of Binance. “Use cases and the utility of stablecoins have increased as well as BNB, which has tripled since the beginning of the year and continuing to grow rapidly with the advancement of Binance Chain.”

The Binance Jersey team is anticipating additional cryptocurrencies to add to the fiat-to-cryptocurrency exchange in the future while further developing the platform’s robust technology and customer experience.

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