Cryptocurrencies

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

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.

Scott Thompson

Scott has been working in technology and business journalism for nearly 20 years, with a focus on FinTech, retail, payments and disruptive technology. He has been Editor of such titles as FStech, Retail Systems and IBS Journal and also contributed to the likes of Retail Technology Innovation Hub, PaymentEye, bobsguide, Essential Retail, Open Banking Hub, TechHQ and Internet of Business.

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