On July 7, Binance announced its partnership with Etana Custody for a new fiat gateway that provides deposit services for 15 fiat currencies.
Through Etana, Binance users are now able to deposit 15 new fiat currencies which include UAE dirham, Australian dollar, Canadian dollar, Swiss franc, euro, Checz koruna, British pound, Danish krone, HK dollar, Hungarian forint, Norwegian krone, Mexican peso, New Zealand dollar, Polish złoty, and Swedish krona.
The Binance-Etana partnership will provide services across the Asian, European, North American, and Oceanian markets. Binance is also aiming to include over 180+ fiat currencies in the future.
Binance Founder and CEO Changpeng Zhao (CZ) said,
“At Binance, we are committed to furthering global digital assets adoption by launching multiple fiat-to-digital assets gateways. Binance’s fiat gateways cover over 170 countries & regions in the world and we are continuing to add more to make crypto more available across the globe.”
Binance users can link their accounts with Etana and wire funds directly from their fiat bank accounts. The fiat balance from Etana will be credited instantly and free-of-charge to their Binance account after initiating a fiat deposit request on the said exchange.
Etana custody fees for deposits of $1,000 or higher are waived, but a bank wire transfer fee of $35 still applies. The maximum deposit and withdrawal limit is tied to the level of the Binance account, while the minimum deposit and withdrawal limit is $150.
Furthermore, Binance has made an announcement in mid-June that it will be expanding to the UK with a regulated crypto trading platform for both institutional and retail investors.