Binance, the world's largest cryptocurrency exchange, has relaunched Binance Connect, supporting over 100 fiat currencies and 300 cryptocurrencies.
Binance announced in a blog post that its fiat-to-crypto service, Binance Connect, has been relaunched to support Web3 projects with regulatory compliance, broad coverage, and competitive pricing.
It was stated that this innovative solution was specifically designed for Web3 projects that aim to simplify fiat-crypto transactions.
Binance had shut down its Binance Connect platform, which was launched in March 2022 and allowed its users to accept payments with various cryptocurrencies and fiat currencies, on August 16, 2023.
“We are excited to announce the revamped Binance Connect, a dedicated fiat-to-crypto on-ramp service designed to support Web3 projects.
We are committed to providing solutions that are both user-friendly and regulatory compliant, and we have tailored the new Binance Connect to the evolving needs of the Web3 ecosystem.
The solution integrates directly with Binance’s existing services, allowing users to effortlessly switch between fiat and digital currencies using their existing Binance accounts.
The revamped Binance Connect offers Web3 businesses a fiat inflow and outflow solution that is fully integrated into the Binance ecosystem, allowing users to buy and sell cryptocurrencies directly from their existing Binance accounts via DeFi wallets like Trust Wallet.
Binance Connect supports over 100 fiat currencies, 300 cryptocurrencies, and 300 payment methods.
Binance Connect aims to simplify fiat-crypto access globally, reduce onboarding challenges, and foster Web3 growth by providing user-friendly solutions for developers in the digital wallets, dApps, and gaming space.
*This is not investment advice.