Binance launches crypto trading platform in Australia

Startups • July 29, 2020, 11:29AM EDT
Akio Kon/Bloomberg via Getty Images

Binance has launched a new fiat-to-crypto trading platform in Australia.

The exchange giant said in an announcement post Wednesday that the exchange, which is operated by a partner company, will offer crypto trading denominated in the Australian dollar (AUD). 

The launch comes over a year after Binance Lite Australia, the exchange’s earlier attempt to provide crypto services across Australia. However, the new platform provides a higher range of features and functions to its user base.

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“By providing a secure and regulated platform for trading digital currencies with AUD, Binance Australia aims to make crypto more accessible among Australian users, furthering our mission to provide crypto access and drive freedom of money worldwide,” Binance founder and CEO Changpeng Zhao said in a statement. 

Binance Australia is currently available to users on desktop and mobile web. According to the announcement, app support will be made available soon. 

 

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Saniya More (pronounced: Saan-ya Mo-ray) is a quadrilingual journalist at The Block. She got her master’s degree from the Columbia University Graduate School of Journalism and did her undergraduate degree at the S.I. Newhouse School of Public Communications, Syracuse University. Her work has appeared in CBS News, Bangkok Post, Thai Enquirer, Globalists, Byline Times and other publications. When she’s not chasing a story, you will most likely find her biking, tweeting, taking photos or creating Spotify playlists for every occasion.

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