Binance, the world's largest cryptocurrency exchange by adjusted trading volume, has just announced it has launched a new p2p trading functionality with BTC, ETH and USDT available for trading against the Chinese Yuan, the company CEO Changpeng Zhao has confirmed through his official Twitter account.
Several sources familiar with the situation said the initiative is currently being tested for Android users and will also be fully launched for iOS and web users in the future.
Even though the Chinese government prohibited cryptocurrency exchanges in 2017, Chinese users can trade cryptocurrencies through p2p or OTC payment gateways.
This new service will allow Binance users to trade not only bitcoin, but also ethereum and USDT against their national currency (CNY).
Users who wish to access this service have been advised to download the latest version of Android Binance app.
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