Bingbon Adds Ruble, Hryvnia, and Tenge Support in Bid to Expand Geographical ...
A tie-up between payment processor Advcash and Bingbon will help the social cryptocurrency trading exchange extend its services to Ukraine, Kazakhstan, and Russia through a newly introduced fiat on and off-ramp. Eastern European Fiat Support Echoes Regional Crypto Adoption Outside of North America and Asia, Eastern Europe commands one of cryptocurrency’s biggest communities of miners, developers, and traders. At one point, just Russia was behind the U.S. and China in terms of bitcoin mining hashrates. A 2020 Chainanalysis report substantiates this trend, highlighting that the highest....
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Bingbon has further extended the range of fiat currencies available for use on its exchange after partnering with MoonPay. As an international provider of secure fiat-to-crypto transfers, MoonPay’s alliance with Bingbon opens the exchange up to a wider user base and increases the effectiveness of its fiat onramps. Bingbon Meets MoonPay Bingbon’s Product Lead, Daly Young, said the partnership fulfills one of the exchange’s long-term aims of opening up multiple payment options for its users. […]
Cryptocurrency trading platform Bingbon is doing its bit to spread a little Christmas cheer, with its annual Xmas Team Trading Contest set to get underway on December 24 (00:00, GMT+8). The competition, which will end on New Year’s Eve (23:59, GMT+8), will see participating teams compete for a generous prize pool of 400,000 USDT. Bingbon isn’t a stranger to competitions; the platform recently dangled a $300 carrot for anyone who could guess the price of […]
The cryptocurrency craze has spread to countries across Europe as people search for ways to protect their money from war-torn nations. Data from the crypto tracking site Kaiko shows that ruble and Ukrainian hryvnia-to-crypto volumes have shot up in recent days, reaching multi-month highs. Related Reading | Bitcoin Staggers After Putin’s Nuclear Deterrence Alert Warning The data show that trading volumes in the ruble-bitcoin (BTC-RUB) pair are at historic high levels. Last time we saw the same level was in May 2021. The increase in Ruble-denominated Bitcoin (BTC) trade volumes is....
After Ukraine’s central bank imposed a limit on cash withdrawals, Kuna, a cryptocurrency exchange that provides trades in ruble and hryvnia saw a notable surge in volume. Moreover, to this day, crypto-assets being swapped on Kuna such as bitcoin, tether, and ethereum are trading for a significant premium.
Crypto in Ukraine Sees Premiums
The ongoing conflict continues in Ukraine after Russian troops invaded the territory. The United Nations (UN) estimates that roughly 100,000 Ukrainian citizens have fled the country during the last 24 hours.
Following the....
The Russian ruble is in serious trouble. A strengthening dollar, falling oil prices and a lethargic economy have conspired to cause the ruble's latest plunge. On Thursday, the ruble fell by about 4% to exchange at 46.68 to the US dollar. This represents a 14-year low. Cumulatively, the ruble has shed 25% of its value in 2014 alone, making it one of the worst performers in the money markets. Analysts predict that the currency may not fall below the 50-ruble support level, however that remains to be seen especially in light of the news from the country's central bank. The Central Bank of....