Binance Adds Four New Trading Pairs for Russian Ruble (RUB)

Siamak Masnavi

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:

  • BNB/RUB
  • BTC/RUB
  • ETH/RUB
  • XRP/RUB

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

OKEx, Skew Release 10 New Trading Data Charts as Partnership Evolves

Popular cryptocurrency exchange OKEx and crypto market derivatives data aggregator Skew have unveiled plans for the second phase of their partnership, release 10 new trading data charts as it evolves.

According to a press release published by OKEx the exchanges was the first one to share data from its futures and options markets through its own dashboard on Skew. The second phase of the collaboration between both organizations will add 10 new advanced charts with “even more in-depth metrics available to them.”

The second phase of the partnership between OKEx and Skew is set to bring various new features, among them the new charts. These include charts such as the BTC futures Aggregated Open Interest, the BTC Perpetual Swap Price vs Spot, and the BTC Options Volumes & Open Interest, among others.

chart.pngSource: OKEx

The new charts come shortly after OKEx expanded its derivatives portfolio with the launch of ETH/USD options on its platform, and with the announcement of EOS/USD options. The cryptocurrency exchange has been leading when it comes to derivatives trading volumes, thanks to perpetual swaps for top cryptoassets like BTC, ETH, and others.

In its announcement, OKEx claims the diversity it offers is appealing to institutional and professional traders who can keep their pricing strategies more flexible. Its main goal, it adds, is to make products “accessible to a wider audience of retail – as well as beginner – traders.” To do this, it invests resources in its Academy.

To bolster the partnership, the cryptocurrency exchange prepared a guide to highlight and explain how to read and analyze the new charts. OKEx’s Director of Financial Markets, Lennix Lai, commented:

We hope to provide even greater transparency for users through this second phase with Skew. That also means helping traders understand how to interpret sometimes complex charts and how to use the information to execute better trades.

Lai added that the guide will help users read and interpret the charts, as they can be “daunting at first and are typically left for advanced users.” As CryptoGlobe reported, last month OKEx announced an OKChain hackathon to boost the development of decentralized applications for its blockchain.

Featured image via Pixabay.