Earlier today, Binance announced the start of peer-to-peer trading of Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) against the Chinese yuan in its blog.
Last night, @Binance Launches P2P Trading, starting with China. Most of CT probably can't use it yet, but 1.4 billion people can. We will expand the service to other regions soon.— CZ Binance (@cz_binance) October 9, 2019
Anything that makes it easier to get #crypto.https://t.co/GX1sPK8Hql
Initially, the access to P2P trading was given to users of the Android-based Binance app of 1.12.1 version, whose accounts on Binance were set up for more than a month ago.
Now, CZ of Binance tweets that the team has seen significant P2P trading volumes on the first two biggest coins and the USDT stablecoin. Due to this fact, the price of BNB has surged over 7 percent.
The Binance team promises to gradually roll out the service on iOS-based Binance app later on.
Do you 'hodl' Binance Coin or use it for trading? Feel free to share with us in the comment below!