On Monday (December 2), crypto exchange Binance announced that it is launching four new trading pairs for the Russian Ruble (RUB) at 13:00 UTC on December 2.
Earlier today, Binance posted a notice to its website, which stated that the exchange is launching trading for the following RUB pairs:
Binance's intention to support the ruble was first announced by the exchange's Co-Founder and CEO, Changpeng Zhao (aka "CZ"), at an event in Moscow (the Open Innovations Forum) on October 21:
CZ said at this event:
In about two weeks or so, we should have support for Russian rubles trading directly. So you can buy cryptocurrencies on Binance.com using rubles.
Just nine days later, Binance announced that it had enabled RUB deposits and withdrawals via Advanced Cash, a payment platform powered by Gibraltar-based ADV Project Ltd that claims to be "faster than conventional money transfers, cheaper than a regular bank account, and easier to use than other e-currency systems."
Featured Image Courtesy of Binance