Binance, the world’s leading blockchain and cryptocurrency infrastructure provider, announces the listing of its new BTC/ARS spot trading pair, which opens the possibility to buy bitcoin, with Argentinean pesos, entering funds via bank or virtual transfer, through a local partner.
In addition, from now on, users with active CVU, will also be able to sell their bitcoins on the platform and receive Argentine pesos.
“With the listing of this new pair, Binance adds a new alternative to access cryptocurrencies, in line with its goal of continuing to bring the crypto world and traditional finance and payments closer, with the development of new alternatives that respond to the needs of local users, and contributing to the growth of the ecosystem in the country,” commented Maximiliano Hinz, Binance’s director for South Latam.
“The listing of this new pair comes at this time, due to the maturation of the market. Since a few months ago we offered the possibility to buy USDT with pesos. Then, we introduced the USDT/ARS trading pair, and now we understand that the market is interested in this new pair,” he added.
The interest in using cryptocurrencies for everyday transactions is growing day by day worldwide. For this reason, Binance believes it is important to have solutions that allow exchanging fiat money for cryptocurrencies and vice versa.
In this sense, Binance continues to work towards offering more and better solutions to this need. In recent months, Binance has launched several products, services and alliances in Argentina, including the fiat ramp that allows the purchase of cryptocurrencies with local currency, through the local partner; the alliance with Despegar, an online travel agency (in Argentina and Mexico) so that travelers can pay using crypto; and payment partnerships with Credencial Payment and Vita Wallet.