The Federal govt of Nigeria, home to the highest P2P volume and largest crypto economy in Africa, has cracked down on Binance, one of the top cryptocurrency trading platforms in the world, in an effort to protect the struggling naira. As a result, Binance has disabled its peer-to-peer (P2P) Naira NGN trading pair function for Nigerian users.

This step by the government has left Nigerian traders without the option to trade on Binance using the popular P2P function, which previously enabled them to buy and sell without third-party interference. Many users are now turning to other top exchanges like Bitget which seems to be gaining more attention now as the platform still offer NGN trading pairs for P2P trading.

My question to Nigerian P2P traders, especially merchants, is: how are you coping with this development? Are you staying loyal to Binance despite the clampdown and customer migration to other exchanges or are you moving your business to other exchanges that accept NGN trading pairs?

And now that there's news of Nigerian Government slamming a $10 billion fine on Binance I hope the presidency will adopt the art of compromise and negotiations in cases like because I've been wondering, Nigeria is a big market for Binance and Nigerians needs Binance. Which party will be most affected? What do you all think about the issue?

Outside p2p... Do you know of any exchange that trade ngn/usdt ?

What type of unwise and daft thread is this.
So people can list where they now trade and FG goes after them abi?

DRKRIZ:
Outside p2p... Do you know of any exchange that trade ngn/usdt ?

Haven't really checked. Just been exploring Bitget P2P and I'm comfortable with the rates I see.