• Sunday, December 22, 2024
businessday logo

BusinessDay

World Largest Exchange, Binance to remove Nigerian Naira trading pairs

Binance suspends naira deposit following CBN’s prohibition

Global cryptocurrency exchange has announced the suspension of naira deposit services on its platform.

Following the recent restriction on  the accounts of cryptocurrency exchanges by the CBN, one of the world’s leading exchanges by volume, Binance has announced the removal of any crypto / Nigerian naira trade pair from its platform . 

The announcement was made by Binance today due to last week’s announcement made by the CBN. 

Binance said users can transfer their fiat or crypto balance to their P2P wallet, and buy or sell cryptocurrency with NGN at zero fees on the Binance P2P platform.

Users can also still trade crypto assets in other trading pairs that are available on Binance.

 

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp