Binance, the world's leading blockchain and cryptocurrency infrastructure provider, announces the listing of the new USDT/COP pair on its platform, so that Colombian users can now buy and trade USDT instantly (digital asset known as “stable currency”). which maintains the same value as the US dollar), using your Colombian pesos in a much more agile and simple way.
This new functionality of the Binance spot platform will also allow users to sell their USDT instantly to receive Colombian pesos.
“With the listing of the USDT/COP pair, Binance opens a new alternative to access cryptocurrencies safely, with the aim of continuing to bring the crypto world closer to traditional finance and payments. Thanks to the development of these new alternatives, we can respond to various needs of Colombian users, making investing in crypto increasingly accessible, and thereby also contribute to the development of the ecosystem in the country,” commented Daniel Acosta, general manager. of Binance for Colombia, Central America and the Caribbean.
“The listing of this first pair responds to the maturation of the Colombian market, and adds to the possibility of buying crypto with Colombian pesos, announced a few months ago. This new pair will allow users to operate in Spot with their Colombian pesos, and trade those USDT against other crypto pairs, such as BTC, immediately,” he added.
Additionally, COP was incorporated into Binance Convert, a simple tool to buy or sell cryptocurrencies without having to enter orders in the trading interface. Convert allows you to convert pesos into cryptocurrencies or obtain pesos instantly, at any time, with a price quoted in real time according to market conditions, and investing even very small amounts. Thanks to this, users will be able to convert their COP into BTC, USDT and more than 350 tokens.
Interest in using cryptocurrencies for everyday transactions is growing every day worldwide. Therefore, Binance believes that it is important to have solutions that allow exchanging fiat money for cryptocurrencies and vice versa.
In this sense, Binance continues working to offer more and better crypto solutions to its users. In recent months, Binance has launched various products, services and alliances in Colombia and the region, including the possibility of depositing and withdrawing Colombian pesos thanks to third-party services and the alliance with Despegar, an online travel agency, so that travelers can pay using crypto, among other associations.
