Binance, the world's leading blockchain and cryptocurrency infrastructure provider, announces the listing of two new pairs BTC/MXN and XRP/MXN that join the USDT/MXN pair, previously launched on its platform, so that now Mexican users can buy Bitcoin and XRP instantly, using their Mexican pesos in a much more agile and simple way.
With this functionality of the Binance spot platform, users will also be able to sell their BTC, XRP and USDT instantly to receive Mexican pesos.
“We are very excited about these new listings. At Binance we continue working to expand the alternatives that our users have to obtain the greatest benefits from the crypto world. With the listing of these two new pairs, we expand the options to access cryptocurrencies, increasingly simplifying the experience. Today you can invest even very small amounts in crypto, diversifying the investment, in the safe environment that Binance offers. With the development of new alternatives that respond to the needs of local users, we continue to contribute to the sustainable growth of the ecosystem in the country,” commented Frida Vargas, general manager of Binance in Mexico.
“The new BTC/MXN and XRP/MXN pairs join the recently launched USDT/MXN. For a few months now, we have also offered the possibility of buying crypto with Mexican pesos. With the list of new pairs, users will be able to operate in Spot with their Mexican pesos, and transact with BTC, XRP and USDT immediately,” he added.
Additionally, MXN has also been 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. Thanks to this, users will be able to convert their MXN into 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.
According to the latest Crypto Adoption Report published by Chainalysis, the adoption of cryptoassets in Mexico has been increasing considerably. In 2023, the country ranked 16th, rising 12 positions from the previous year.
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 Mexico and the region, including the possibility of depositing and withdrawing Mexican 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.
