Binance, the world’s biggest cryptocurrency exchange by traded value, has denied reports that it will allow users to buy digital tokens with dollars.
“The reports are fake news,” a Binance spokeswoman told Bloomberg.
The exchange currently only handles trades between cryptocurrencies, allowing clients to swap one token for another, but not for a traditional currency like the dollar or the euro.
However, reports claiming that Binance would introduce dollar transactions boosted prices for some altcoins today.
Strong performances of major cryptocurrencies pushed the total market capitalization up to $378 billion on Friday.
By Siranush Ghazanchyan