Binance will allow receiving cryptocurrency directly to a cold cryptocurrency wallet

Cryptocurrency exchange Binance and digital asset wallet maker Ledger have started a joint cooperation. The crypto giants promised to make virtual assets more accessible to the public.

Binance is cooperating with the French crypto wallet operator to enable cryptocurrency exchange customers to buy virtual assets faster in the future. The exchange promises that holders of physical Ledger wallets of the Nano S and Nano X versions will be able to buy cryptocurrencies directly from their Ledger Live app, with Binance acting as an intermediary.

The new feature allows each cryptocurrency wallet owner to store more than 80 different types of digital assets, and payments can be made with a credit card from Visa or Mastercard.

Binance emphasized that the partnership agreement means more than just a business relationship: «Working with Ledger will allow us to combine several important aspects of the Web3 ecosystem.» In the future, both companies promise to add more joint features to the wallet and develop new projects. However, first, the companies expect to hear user feedback on their new initiative.

As a reminder, hardware crypto wallet manufacturer Ledger has stopped supplying its gadgets to Russia and Belarus. Previously, the company sold the devices through the Russian representative office of Ledger Russia on the Ozon and Wildberries marketplaces. In this way, the company supported the eighth package of sanctions against the terrorist state, adopted by the European Union in mid-October.

In turn, Binance emphasized that sanctions against Russia due to its full-scale military invasion of Ukraine have created a «difficult situation» for the exchange to work with users of the occupying country. Чанпен Чжао" href="https://noworries.media/biography/chanpen-chzhao/" data-bio-id="3681">Changpeng Zhao, the CEO of the crypto exchange, said that he had not yet made a final decision on blocking Russian users. He clarified that Binance’s licensed companies in Europe will not be able to serve citizens of the invading country, but nothing is known for certain about other jurisdictions.