Binance relaunches Binance Connect as a fiat-to-crypto gateway, simplifying Web3 transactions and enhancing digital asset access.
Author: Tanishq Bodh
Written On: Sat, 26 Oct 2024 15:02:00 GMT
Global cryptocurrency exchange Binance has announced the relaunch of its fiat-to-crypto service, Binance Connect, in a move to facilitate smoother Web3 transactions and broaden digital asset accessibility worldwide. Originally launched as Bifinity in 2022, Binance Connect has now been rebranded and fully integrated into Binance’s ecosystem, allowing users to buy and sell crypto directly via Binance accounts and compatible decentralized wallets like Trust Wallet.
Binance’s relaunch of Connect reflects recent partnership efforts aimed at strengthening the exchange’s position in Web3, reducing technical barriers, and delivering a wide range of payment options. According to Binance, the platform leverages the exchange’s extensive liquidity and market reach to offer favorable rates for users seeking to bridge traditional finance and blockchain technologies.
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