Crypto exchange Binance announced to add support for the Nigerian Naira on its peer-to-peer platform. Nigerian Naira is the first African currency to be added on the Binance’s peer-to-peer platform. Nigerian users can trade bitcoin and other cryptocurrencies without transaction fees.
Binance is planning to introduce its P2P trading service to more African countries.
Crypto exchange Binance is planning to introduce its P2P services to other African countries in the future. Over the last year, Binance has been vigorously expanding its services globally by collaborating and acquiring different businesses. Binance said that P2P trading is a more flexible approach, giving users the freedom to choose their payment methods and counterparty in a trade.
“Users can post trade ads for earning money by using the P2P merchant’s platform.”
The CEO of the crypto exchange, Changpeng Zhao, said that they are also providing a unique opportunity for users to become P2P Merchants where they can post trade ads and earn money. It is estimated to be a few thousand dollars USD equivalents per month while providing cryptocurrency access for their communities. Binance had added support for Nigerian Naira on its main exchange a while ago. The exchange also announced a partnership with the biggest Turkish bank this month.
$NGN available on P2P trading.
— CZ Binance 🔶🔶🔶 (@cz_binance) March 5, 2020