After the announcement of the acquisition of CoinMarketCap, the Crypto exchange, Binance, also announced P2P trading support for the Indian Rupee and Indonesian Rupiah.
Further information on P2P support
According to a report, the number of fiat currencies which, now supported on the P2P platform is 20, which includes Chinese and Vietnamese currency too.
This addition of support for the fiat currencies shows that there is a much more tremendous potential in Crypto-economy in these countries. India, especially, has been in the spotlight as CZ-led exchange had laid their eyes on it for a while.
Last year, Binance acquired WazirX, the Indian exchange. Global interest in the Crypto economy in India further steeped as the Supreme Court banned the use of banking services for Crypto-trading.
Binance isn’t the only company to take interest as just last year, Bithumb was considering establishing a Cryptocurrency exchange in India and were looking for partners for its Indian Blockchain system.
This shows that the Indian Crypto-community has been many crypto exchange’s interests as even Coin Dance, the LocalBitcoins volume for India, was worth approximately INR 68 million as of last week.
The enormous potential of the Indian and Indonesian markets noticed by the CEO of Binance, Changpeng Zhao, who took action immediately.
