Binance Partners with Etana to Add 15 Fiat On-Ramps

Binance has announced on Tuesday its partnership with Etana Custody, a digital asset custodian platform, thus enabling a new fiat gateway with the deposit capabilities of 15 fiat currencies.

With this, the leading crypto Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term can provide fiat-on ramp services across the European, Asian, North American, and Oceanian markets. The newly added fiats include UAE dirham, Australian dollar, Canadian dollar, Swiss franc, Checz koruna, euro, British pound, HK dollar, Danish krone, Hungarian forint, Mexican peso, Norwegian krone, New Zealand dollar, Polish złoty, and Swedish krona.

“At Binance, we are committed to furthering global digital assets adoption by launching multiple fiat-to-digital assets gateways. Binance’s fiat gateways covers over 170 countries and regions in the world and we are continuing to add more to make crypto more available across the globe,” Binance founder and CEO Changpeng Zhao said on the move.

Aiming for 180+ fiats

Binance users can simply link their accounts with the Etana Custody account and make direct wire transfers deposits on their trade accounts.

Apart from Binance, Etana’s fiat on-ramp services are also used by Kraken, a major US-based crypto exchange with presence across the world.

“We share the vision of Binance in providing users with a seamless fiat to digital currencies experience and providing broader access to digital markets,” Brandon Russell, founder and CEO of Etana Custody, said.

“By partnering with Binance, Binance users will be able to trade digital currencies on Binance while maintaining their fiat balance on Etana Custody, furthering our mission to provide financial solutions for financial market participants.”

Last April, the security of Etana was breached user details including name, physical address, and phone number were compromised. But luckily, the funds stored with the custodian remained safe.