RATE Group | Nigerian Naira Is First African Fiat Currency Supported on Binance P2P
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Nigerian Naira Is First African Fiat Currency Supported on Binance P2P

05 Mar Nigerian Naira Is First African Fiat Currency Supported on Binance P2P

Posted at 03:41h in Cryptocurrency News by

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As part of ongoing fiat-to-crypto expansion, major cryptocurrency Binance is adding support for the Nigerian Naira (NGN) on its peer-to-peer (P2P) platform.

Binance P2P, a consumer-to-consumer business arm of Binance exchange, is rolling out support for the first African fiat currency on its platform. According to an announcement shared with Cointelegraph, Binance P2P users can trade major cryptocurrencies such as Bitcoin (BTC) using NGN with zero transaction fees starting from March 4.

Users in Nigeria can now post trade ads via P2P Merchants

The NGN integration also allows users in Nigeria to directly purchase and sell cryptos like Bitcoin, Ether (ETH) and major stablecoin Tether (USDT) with other users and verified merchants using the P2P platform. The zero-fee services are available both via the Binance website and Binance mobile app, the firm announced.

Binance CEO Changpeng Zhao, also known as CZ in the crypto community, outlined that customers can post trade ads for earning…

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