RATE Group | CZ Calls Africa an ‘Untapped Market’ With Unique Challenges for Crypto
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CZ Calls Africa an ‘Untapped Market’ With Unique Challenges for Crypto

15 May CZ Calls Africa an ‘Untapped Market’ With Unique Challenges for Crypto

Posted at 11:04h in Bitcoin News by

Binance founder and CEO Changpeng Zhao, otherwise known as CZ, believes that the African continent holds some unique opportunities for cryptocurrency adoption and development. The Binance leader provided a number of interesting insights during an exclusive “ask me anything” session hosted on Zoom for key members of the African cryptocurrency community, which Cointelegraph participated in.

Binance, which has established itself as the world’s largest cryptocurrency exchange by trade volume, has slowly been opening up satellite trading platforms in a number of African countries. Uganda was the first country to welcome Binance to the continent in 2018.

Binance has since launched trading support in countries such as Nigeria and most recently South Africa, which included the provision of trading pairs and fiat deposits for users using South African rands. The company’s foray into the African continent began in earnest in 2018, as CZ explained during the AMA.

“Even from the first…

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