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Binance To Depart Nigerian Market, Ends Services In Local Currency - Business - Nairaland

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Nigeria Asks Binance To Disclose Top 100 Users, Executives Remain Detained / BREAKING: Binance To Depart Nigerian Market, Ends Services In Local Currency / Naira Depreciates To ₦410 Per Dollar As Local Currency Weakens (2) (3) (4)

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Binance To Depart Nigerian Market, Ends Services In Local Currency by Similoluwa011: 1:36pm On Mar 05
Binance will discontinue all services for Nigeria’s fiat currency, the naira, amid an ongoing regulatory conflict in the country.

The crypto exchange will automatically convert naira balances to USDT from March 8 at 8:00 a.m. UTC but will cease support for NGN deposits after 14:00 UTC today. Withdrawals will become unsupported after March 8 at 6:00 a.m. UTC.

Posting on its website on Tuesday, Binance said the conversion rate for automatic conversions will be 1 USDT per 1,515.13 naira, according to an announcement. All spot trading pairs against the naira will be delisted on March 7 at 3:00 a.m. UTC. Open spot orders for these pairs will be automatically closed.Binance Convert, Binance P2P, the exchange’s Auto.......READ MORE
Re: Binance To Depart Nigerian Market, Ends Services In Local Currency by budaatum: 2:04pm On Mar 05
I wonder why anyone would think telling porkies would promote their skills.

This is the second I've read from you so far.

Re: Binance To Depart Nigerian Market, Ends Services In Local Currency by adeniyiemmanuel(m): 2:06pm On Mar 05
Similoluwa011:
Binance will discontinue all services for Nigeria’s fiat currency, the naira, amid an ongoing regulatory conflict in the country.

The crypto exchange will automatically convert naira balances to USDT from March 8 at 8:00 a.m. UTC but will cease support for NGN deposits after 14:00 UTC today. Withdrawals will become unsupported after March 8 at 6:00 a.m. Good for her!

Posting on its website on Tuesday, Binance said the conversion rate for automatic conversions will be 1 USDT per 1,515.13 naira, according to an announcement. All spot trading pairs against the naira will be delisted on March 7 at 3:00 a.m. UTC. Open spot orders for these pairs will be automatically closed.Binance Convert, Binance P2P, the exchange’s Auto.......READ MORE

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