Global crypto exchange leader Binance continues its international development by launching Binance Australia.
As the name suggests, this Bitcoin exchange is for Australian residents who will be able to buy and sell Bitcoin with Australian dollars as well as other cryptocurrencies.
Australians can deposit Australian dollars AUD directly from their bank account on the platform, using PayID.
In order to withdraw funds from their accounts, users in Australia can link their local bank accounts to Binance Australia and request a withdrawal.
A fiat-to-crypto trading platform as stated in Binance’s official press release.
“Australia has been at the forefront of blockchain innovation with supportive policies. By providing a secure and regulated platform for digital currency trading with AUD, Binance Australia aims to make crypto more accessible among Australian users, furthering our mission to provide crypto access and promote freedom of money around the world, ” said Binance Founder and CEO Changpeng Zhao (CZ).
The company therefore continues its global expansion by setting up locally in order to offer, as in the case of Binance Australia, the ability to buy or sell Bitcoin in the local currency of residents (dollar, euro, etc.).
Binance which intends to open local subsidiaries in other countries, whether in Africa, Latin America and other parts of the world.
The Bitcoin price is currently around $11,000.
