Following Binance Uganda closure, Binance P2P makes strong inroads in Africa
Cointelegraph
Published Nov 28, 2020 07:43PM ET
Updated Nov 28, 2020 09:20PM ET
Following the announcement of a disappointing closure of a Ugandan subsidiary in October, Binance — the world’s largest cryptocurrency exchange — released a blog post yesterday indicating that another initiative, Binance P2P, is making strong inroads across the world’s second-most populous continent.
Titled “P2P Merchants: Facilitating Freedom of Money in Africa,” the post highlighted the peer-to-peer trading program’s growth in the region throughout the year — most notably stating that Binance P2P has processed a total of $280 million equivalent local African currencies since March, when the program introduced coverage for the Nigerian Naira (NGN).
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Written By: Cointelegraph
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