You Can Now Trade with Kazakhstan Tenge (KZT) at EXMO

You Can Now Trade with Kazakhstan Tenge (KZT) at EXMO

EXMO has added to their fiat currency trading options with the inclusion of the Kazakhstan Tenge which became available on the platform earlier this week.

EXMO were already one of a limited number of platforms that offer Polish Zloty, Ukrainian Hryvnia and Turkish Lira, but the decision to choose the Kazakhstan Tenge (KZT) is likely the most interesting one so far. This is considering the low profile of Kazakhstan on the global market with the country not regularly associated with cryptocurrency trading.

However, there have been murmurs from the country in the last few months. Notably, in December, news came from the country that they would not be taxing cryptocurrency miners. While the Netherlands-based blockchain firm, BitFury has also been linked with Kazahkstan in the past 12 months.

With this considered, they aren’t as much of a dark horse as you might think and there is certainly a market for crypto-related projects in the nation. In fact, according to the EXMO, the decision to add the new fiat option to their platform came as a result of a significant number of their Kazakhstan community requesting that their national currency being added to the platform.

Maria Stankevich, Business Development Director at EXMO, stated that “in response to the numerous requests of the Kazakhstan cryptocurrency community, we decided to expand the available fiat methods and add a new trading currency – Kazakhstan tenge (KZT),”

Kazakhstan is also not as small as you might think either and in fact, has a population that exceeds 18 million people. This makes it the 11th largest European country. As such, it is a stroke of genius from EXMO, as they will now likely become the go-to source for any crypto investors from the nation.

This will no doubt help further cement their spot as the most popular Eastern European trading platform and further raise their revenue. However, this is not the only way by which the platform has indicated that they may be setting their sights on Kazakhstan and developing business in this area.

Upon alerting users of the fact that KZT will be made available to users, they also stated that they will run a series of trader educational events for their Kazakhstani community to further raise both their own profile and the general profile of cryptocurrencies in the nation.

However, ahead of these educational events, Kazakhstani users can go to EXMO and buy either Bitcoin (BTC), Ethereum (ETH) or Tether (USDT) without the need for third-party conversion. This can be done using a Visa/Mastercard. Bear in mind, that there will be fees in place and you should refer EXMO’s commissions and limits page for full details on that.  

It will be interesting to see whether EXMO are going to be the only firm to throw their hat into this area of the world, or whether Kazakhstan might be the country to look out for in 2020.

Recently Similar News

casinoin-promotion etoro-promotion

Latest Guides

Latest News


Bitstarz Casino Offers New Welcome Package

Bitstarz Casino has started offering a welcome package for new and first time users for a total of €500 or 5 BTC plus 180 free spins . For first time deposits, Bitstarz is offering a 100% match of up to €100 or 1 BTC. You will also get 180 free spins and a choice of 3 different games […]

14 July, 2020
Binance,Blockchain,Exchange Platforms,Trading

Binance US Introduces Staking Options for Vechain

According to the official announcement made by Binance, VET staking has been continuously requested by the Vechain Community. Vechain, the blockchain as a service, supply chain focused protocol has been listed on Binance US to allow staking of Vechain on their US accounts. Vechain has been all over the news in the cryptospace in the […]

14 July, 2020
Blockchain,Crypto Wallets

700,000 FIO Tokens Up For Grabs with Guarda

The crypto wallet, Guarda have announced a new promotion that revolves around FIO where 700,000 of the tokens will be made available. These tokens will be distributed among a large number of users who attempt to learn more about FIO and then answer some questions about the token. 200,000 of these will be part of […]

12 July, 2020
Crypto Wallets,Cryptocurrency,Security

Firmware Update Available for Ledger Nano X

For the first time since its release, the Ledger Nano X has had its firmware update that aims to improve the functionality of the crypto wallet. The Ledger Nano X has been available to traders for over a year now and has proven to be a big hit in the crypto community and often cited […]

12 July, 2020
CFD Trading Platform,IQ Option,Trading

Using the “Scalping” Method with IQ Option

In their new guide, IQ Option have guided users in the pursuit of using the scalping method when trading with various assets. The method is one that is widely popular and can be applied to dozens of situations. It is especially used by traders who might be just starting out trading and or day traders […]

11 July, 2020
AvaTrade,CFD Trading Platform,Investment

AvaTrade Launch AvaProtect on Desktop

AvaTrade’s much sought-after AvaProtect service has now launched on desktop. The service which, as the name suggests, protects your trades was already available on mobile on the AvaTradeGO app. This meant that those who used AvaTrade on their desktop were not able to benefit from the perks that it offers. Specifically, that for a small […]

11 July, 2020

Daily Drops & Wins Extended at Monte Crypto Casino

Fans of the on-going Daily Drop and Wins tournaments hosted by Pragmatic Play, can rejoice as it has been extended now until the 10th February 2021. The competition had been on-going since as far back as March but was scheduled to end this month. However, due to its popularity, it will remain on many casinos […]

10 July, 2020
block,Exchange Platforms,Smart Contracts

DeversiFi Launch New Smart Contract Insurance

DeverisFi now offers insurance on Smart-Contracts that are taken out via the platform. Smart contracts are an important part of the blockchain industry. As is security. Hence why this move will be welcomed by traders who regularly look to DeversiFi for their smart contracts. Already DeversiFi users could benefit from hefty audits on their smart […]

9 July, 2020