Binance will launch OTC crypto-fiat trading

Binance cryptocurrency exchange will launch over-the-counter trading (OTC) with fiat currencies within a month, CoinDesk reports .

Binance co-founder He Yi stressed that the exchange will also add support for OTC trading for the renminbi in an attempt to increase its presence in the Chinese market.

Soon, Binance will introduce a payment service that will allow customers from 170 countries to buy cryptocurrencies for fiat on Binance.com.

The exchange launched an OTC platform at the beginning of the year, and in July Binance added a “block trading” service that allows traders to carry out transactions from 10 BTC.

Recall, on Friday, September 13, the launch of Binance Futures.

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