Binance added support for the new currencies through a partnership with crypto asset and fiat money institutional custodian Etana Custody.
Major cryptocurrency exchange Binance has added support for deposits in 15 additional fiat currencies to its platform.
According to a July 7 announcement, Binance added support for the United Arab Emirates dirham, Australian dollar, Canadian dollar, Swiss franc, Czech koruna, euro, British pound, Hong Kong dollar, Danish krone, Hungarian forint, Mexican peso, Norwegian krone, New Zealand dollar, Polish złoty and Swedish krona.
Binance added the new currencies through a partnership with crypto asset and fiat money institutional custodian Etana Custody.
Binance CFO Wei Zhou told Cointelegraph that users can transfer the funds via SWIFT wire transfer, adding, "After linking Binance accounts to Etana accounts, Binance users can wire funds directly from their bank accounts to Etana, and then have their Etana fiat balance credited to the corresponding Binance accounts instantly and free of charge by initiating a fiat deposit request on Binance."
A more accessible fiat onramp for Binance users
Etana’s onboarding process includes Know Your Customer and Anti-Money Laundering checks compliant with the Bank Secrecy Act.