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Binance LCX Announces Fiat-to-Crypto Exchange for Crypto Investors

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"Binance LCX, a joint venture between Binance and LCX, is announcing the launch of a fiat-to-crypto exchange in Liechtenstein today."

"The exchange will offer trading between Swiss Francs (CHF) and Euros (EUR) against major cryptocurrencies pairs, and add more trading pairs overtime subject to regulatory approval."

"“Professional investors need a reliable fiat channel to invest into crypto assets,” said Monty C. M. Metzger, CEO of LCX. “We are excited to launch the joint-venture with Binance to establish new standards for the blockchain industry.”"


Not directly XRP/Ripple related but this is a big milestone for the whole crypto-sphere overall. Instead of trading on shady little exchanges, suit investors can soon start to trade on a prime minister's approved exchange. Fiat to crypto also further enables decoupling of BTC, so a more dynamic movement is to be expected with more and more fiat exchanges opening. Also, since Michael is in between all this, it is likely to be expected that XRP will eventually end up being traded on it.



Also interesting:


What does Ethan Beard as a Senior Vice President of Xpring has to do with this?

Edited by SGoldstein

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