After announcing the disappointing shutdown of a Ugandan subsidiary in October, Binance - the world's largest cryptocurrency exchange - released a blog post on Saturday, referring to Another initiative, Binance B2B, is making strong progress across the world's second most populous continent.
and under the title of b2b traders: Facilitating Freedom of Money in Africa, this post highlights the growth of the peer-to-peer trading platform in the region throughout the year - most notably that Binance B2B has processed a total of $ 280 million in local African equivalent currencies since March, when the program provided Nigerian Naira (NGN) coverage.
According to Coin Telegraph, Binance also claims that the program allows local merchants in Nigeria, Kenya, South Africa, Egypt and Morocco to earn between $ 30 and $ 350 a day to buy and sell digital currencies to their peers In local paper currencies.
And in a separate post, Binance also announced that with Binance B2B, it is easy to operate your cryptocurrency trading process.
This update follows comments made by Binance CEO Zhang Bing Zhao in May, in which CZ described Africa as an untapped market with important opportunities. Plus unique challenges.
Zaw said: We look at the entire African market as a really major market .. I don't think it is very easy to buy cryptocurrencies in Africa at the moment in general, so We want to help improve this situation.
