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Binance Announces Its Partnership with Hardware Crypto Wallet Ledger

Binance Announces Its Partnership with Hardware Crypto Wallet Ledger

Crypto exchange Binance announces yet another strategic partnership.

Binance, the largest crypto exchange in terms of daily trading volumes, has announced its partnership with hardware crypto wallet Ledger.

According to the announcement shared on Binance’s blog, the collaboration aims to make “crypto as accessible as possible.”

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Binance and Ledger collaboration allows already-verified crypto exchange users to buy crypto directly through Ledger. The purchases can be made using customers' bank cards, including Visa and Mastercard. After the transaction, bought coins will go straight to “their address secured by a Ledger device.”

Based on the announcement, users that wish to purchase crypto but don’t have an account on Binance can create one through the Ledger Live app.

Users can access Binance through the desktop version of Ledger Live, the Ledger companion app. The app is available in 10 languages, including English, French, Spanish and Korean.

Moreover, the collaboration allows users to purchase more than 80 different cryptocurrencies through Discovers section on Ledger Live. Customers can buy cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).

Ledger’s Vice President (VP) of Transactions and Services, Jean-Francois Rochet, when talking about the collaboration, noted:

Binance and Ledger are truly global leaders in the digital-asset space, and it only makes sense to combine to provide our users the benefits of buying crypto from Binance within Ledger Live, offering Ledger’s uncompromising world-class security.

At the end of its announcement, Binance highlighted that it is only the beginning of its collaboration with Ledger. In the future, companies are planning to add “support for Binance’s payment channels to Ledger Live’s mobile version, as well as integrating additional payment methods."

In other news, at the end of October, Binance rolled out its native oracle network initially available for BNB Chain. Binance Oracle will assist smart contracts on DeFi applications, feeding them with off-chain data.


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