The world’s leading crypto exchange by volume has officially launched a direct fiat-to-crypto trading facility. The first pair that exchange has listed includes Nigerian fiat currency naira. The fiat deposit feature is being offered via US-based payment tech firm Flutterwave.
Currently, only Nigerian fiat currency is being accepted as a way to buy (BTC), Binance coin (BNB), and BUSD but earlier Binance CEO Changpeng Zhao “CZ” announced at the Open innovation conference to include Russian rubles as a way to buy cryptocurrencies on BInance.
.@cz_binance live from Open Innovations in Moscow, Russia 🇷🇺https://t.co/MXQjsHwsex
— Binance (@binance) October 21, 2019
According to the official announcement, the maximum deposit per transaction is 430,000 NGN (~1,185), and the minimum deposit per transaction is 150 NGN ($0.41). The trading pairs include BUSD/NGN, BNB/NGN, and BTC/NGN. The crypto exchange has also announced that first-time users would not be charged any deposit fee up 36.000 NGN.
