Binance, a leading cryptocurrency exchange and global blockchain ecosystem, today announced a partnership with London-based payment processing company Koinal to enable an additional cryptocurrency purchasing option for users.
As of today, customers of Binance in supported countries can buy bitcoin and other cryptocurrencies with a debit or credit card via the new Koinal partnership and start trading in minutes.
“Freedom to convert easily between fiat and cryptocurrency is key to bringing crypto further mainstream. As the blockchain industry matures, there is more demand to bridge the two worlds than ever before. At Binance, we want to provide users with the easiest way to enter and thrive in the crypto space. At the infrastructure level, we will continue to build fiat-to-crypto gateways in our effort to increase accessibility and adoption of crypto.”
– CZ (Changpeng Zhao), CEO of Binance
Binance works with trusted third-party partners to ensure the crypto-buying experience for its users is convenient, fast and secure. Koinal joins Binance’s growing list of partners offering fiat-to-crypto currency channels, which includes the NYDFS-approved Binance USD (BUSD) stablecoin available for direct purchase and redemption 1:1 for USD.
In addition, Binance licenses its matching engine and wallet technologies to several partner platforms, including Binance Uganda, Binance Jersey, Binance Singapore and newly launched Binance US, which are operated independently in their respective local jurisdictions and offer fiat-crypto trading functions.
“We are thrilled to partner with Binance and open up additional credit card payment channels to the digital asset economy, providing easier access to the cryptocurrency space for millions of Binance users. We look forward to bringing more ease and affordability of purchasing digital assets to the global Binance community.”
– Caroline Holst, Head of Sales at Koinal