U.S. Binance Users Can Now Buy Crypto Using Debit Cards

Suzat

November 3, 2019 9:42 pm

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Binance, one of the most popular cryptocurrency exchanges is now allowing its U.S users to buy cryptos using debit cards. In a blog post, the major exchange announced that it will offer its customers to purchase digital currencies with a debit card, joining existing U.S. dollar on-ramp and off-ramps, including the automated clearinghouse (ACH) and bank wire.

The exchange also announced that within the first 30 days since launching, it surged to $15 million in daily trading volume, while increasing its token listings from seven to twenty-four tokens, bringing a total of 40 trading pairs to U.S. users. The exchange went live on Sept. 24 of this year in the U.S. and broke the $10 million volume mark within a month.

In October, Binance launched peer-to-peer trading for Bitcoin (BTC), Ethereum (ETH), Tether (USDT) against the Chinese currency (CNY). According to the announcement, Binance revealed that the service will be available for Android users who already have Binance accounts registered for at least 30 days.

The announcement also states that users should update their Binance Android app to the latest version to get access to the new service. The new service will slowly roll out support for iOS and web interface going forward. Changpeng Zhao, Binance CEO tweeted that Binance’s foray into P2P trading won’t stop with the Chinese market.

The CEO added:

“P2P Trading, starting with China. Most of CT probably can’t use it yet, but 1.4 billion people can. We will expand the service to other regions soon.”

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