Binance – major Malta-based crypto exchange firm – has reportedly rolled out a new supporting feature on its platform, enabling Hong Kong dollar-based deposits. 

Specifically, Binance platform will now facilitate Hong Kong dollar-based deposits and withdrawals activities, at zero deposit fees. After finalizing the depositing process, clients will be able to purchase crypto using Hong Kong dollars. 

Binance has reportedly made this new upgrade available, via a partnership forged with payment processor Epay. Binance clients are offered numerous services, nominally swift code-enabled depositing, wire transfer, SEPA, Fasapay, PM and other e-currency deposit and withdraw services.

This upgrade is one of many attempts from Binance to attract more liquidity for the crypto market. Previously, Binance has rolled out fiat payment support features for Visa and Mastercard-enabled transactional activities, along with introducing an additional support feature for Russia’s fiat currency, with the updated facilitation for Russian ruble pairs, on its peer-to-peer trading platform. 

Apart from the surge in user volume, the platform has also reportedly undergone a new technical challenges. Particularly, the sudden increase in traffic was one of many reasons that led to the performance problem Binance clients are experiencing. 

“The difference between BTC at $10,000 this time around and the previous times is, there are a lot more users now. While this is a solid sign of strong recovery for the crypto market, it also puts on significant load for our systems.”