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The Analysis of EOS/USD and XMR/USD


The price of EOS surged past the overhead hurdle at $2.8695, reaching somewhere near the downtrend line today. Nevertheless, it failed to surge past the downtrend line and turned back from just under it.
The ability of the EOS/USD pair to secure support at the 20-day EMA could prompt the buyers to try to break out of the downtrend line once again. The occurrence of such break out will lead to a rally towards $3.50 and over it to $4.24.
Contrariwise, the failure of the buyers to maintain the price over $2.5804 could prompt a decline to $2.4001.
As for XMR against the USD pair, there was a sharp rally that led its price over the overhead hurdle at $57.1199. Nevertheless, the buyers may be able to maintain the level, signaling aggressive selling by the sellers at higher levels.
The price may now decline to the 20-day EMA. The ability of the buyers to hold the level could strengthen them to try to scale and maintain a level over $57.11. Traders should focus on the price action near the 20-day EMA prior to trade suggestions.
The bullish perspective will not hold following the sinking of the pair under the 20-day EMA. If the decline holds, the price could be dragged back to $44.50.

On Wednesday, Binance, one of the leading cryptocurrency exchange platforms, tied-up with Banxa, to combine British pound faster payments services (FPS) with Australian dollar on-ramp services. As announced, this partnership will enable the dealers on the Malta-registered exchange to buy digital currencies directly from Binance.com via three fiats – Australian dollar, British pound and Euro. Besides this, the FPS service will guarantee immediate transactions with GBP.

Arians Statement On This Partnership
The CEO of Banxa, Holger Arians, stated that their company has always enabled cryptocurrency wallet and exchange to convert fiats to cryptocurrencies quickly. He also added that with a single integration, their partners take advantage of both local and global payment system, while the company takes the responsibility of all chargebacks, compliance and regulations. Banxa is happy to embrace Binance into their expanding partner's ecosystem and is willing to work with Binance's team.

Binance Is Targeting The Fiat Markets
Binance started trading through fiat in Europe via its subsidiary Binance Jersey last year. The platform enables its European customers to exchange cryptocurrency with Euro and pound. However, the fresh start of the fiat-based services on its main platform will provide several trading options.

Changpeng Zhao's Mission
Founder and CEO of Binance, Changpeng Zhao cited that they believe fiat and cryptocurrency will co-exist for a long time. As 99.9% of money supply all around the world exists in the form of fiat, they need to build connections to allow easier flow into crypto. According to the CEO, their company's objective is to support more than 180 fiats in the future, for which, Banxa would prove to be the best partner to complete their mission to make cryptocurrency accessible across the globe.

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