Binance Adds Russian Ruble (RUB) To P2P Platform

Today, Binance announced the launch of peer-to-peer (P2P) trading services for the Russian Ruble (RUB). Users can now buy and sell BTC, USDT, ETH, and BNB with RUB using Binance’s P2P platform on the latest version of the Binance iOS and Android mobile apps. On Feb 5, Binance added Russian Ruble (RUB) to Fiat Gateway.

With this, the platform will allow traders to buy and sell four digital currencies – Tether, Bitcoin, Ethereum, and Binance Coin – using the fiat. RUB is the third fiat currency available on Binance’s P2P trading platform following the Chinese Yuan (CNY) and Vietnam dong (VND).

Mentioning the development, Binance CEO Changpeng Zhao said: “Russia is a vibrant market for blockchain and crypto advancement. We strive to provide our Russian users with easy fiat-to-crypto access. P2P trading provides an open marketplace and more flexible access for users to trade multiple cryptocurrencies with other users or merchants in the payment methods they prefer,”

He continued:

“Via the Binance P2P trading platform, our users can enjoy instant and secure trades with zero transaction fees and 24-hour customer support.” 

Additionally, Zhao reiterated Binance’s ambitious plans to expand fiat-to-crypto access on Binance for users in over 180 countries in order to achieve their mission of “freedom of money.”

On Feb 8, Binance has announced it hired Iskander Malikov, a former TradingView COO, as new Director of Fiat, Europe and CIS at the exchange. He will focus on establishing new fiat-to-crypto channels for Binance.

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