Crypto Exchanges Stop Selling USDT/USDC In Naira - Business (4)

Crypto Exchanges Stop Selling USDT/USDC In Naira - Business (4) - Nairaland

Nairaland Forum › Nairaland General › Business › Crypto Exchanges Stop Selling USDT/USDC In Naira (25526 Views)

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Re: Crypto Exchanges Stop Selling USDT/USDC In Naira by coputa(m): 6:31pm On Feb 28, 2024

post=128694007:
How the hustle na, @ people who do Bitcoin

Bitcoin is pumping very fast

2 Likes

Re: Crypto Exchanges Stop Selling USDT/USDC In Naira by eteebanky1: 6:33pm On Feb 28, 2024

coputa:
The attack on binnance is yelling fruit,the naira now exchanges at 1200 to the dollar

#1200??

Wow, Good to hear

2 Likes

Re: Crypto Exchanges Stop Selling USDT/USDC In Naira by Disembark: 6:40pm On Feb 28, 2024

eteebanky1:
#1200??

Wow, Good to hear

Na lie
Stil at 1465

3 Likes 1 Share

Re: Crypto Exchanges Stop Selling USDT/USDC In Naira by mindtricks: 7:26pm On Feb 28, 2024

Efiosej:
A lot of you folks failed to realize why people started speculative buying of dollars….people’s investments were turning to dust.
Majority of persons just wanted to preserve the value of their hard earned money.

You really think they don't know, or they do, only spinning a narrative they want you to believe?

1 Like

Re: Crypto Exchanges Stop Selling USDT/USDC In Naira by Osanoghodua1: 7:40pm On Feb 28, 2024

Does Coinbase trade Naira? No.bbad reportage.

Re: Crypto Exchanges Stop Selling USDT/USDC In Naira by BannedUser: 8:07pm On Feb 28, 2024

Yankee101:
Stablecoins are not dollars
Beware
Before you think you’re holding dollars

LoL! Go and tell that to millions of people outside Nigeria who exchange USDC, USDT, PYUSD, etc. to USD @ 1:1.

What you think is irrelevant.

1 Like

Re: Crypto Exchanges Stop Selling USDT/USDC In Naira by Sheffieldconsul: 8:08pm On Feb 28, 2024

Another market for it will certainly spring up. The beauty of capitalism!

remi4ever:
So, what happens to those with millions of usdt?

Re: Crypto Exchanges Stop Selling USDT/USDC In Naira by RodgersAkpafu: 8:18pm On Feb 28, 2024

Higherthan:
The fool who birthed you is more stupid

Still acting stupid

Re: Crypto Exchanges Stop Selling USDT/USDC In Naira by Higherthan: 8:20pm On Feb 28, 2024

RodgersAkpafu:
Still acting stupid

The man who prick your mama is the stupidest one cheesy

1 Like

Re: Crypto Exchanges Stop Selling USDT/USDC In Naira by Walezy2020: 9:04pm On Feb 28, 2024

I don't have issue with naira appreciating but will the price of goods & services also reduce

1 Like

Re: Crypto Exchanges Stop Selling USDT/USDC In Naira by bemeruca: 9:09pm On Feb 28, 2024

Walezy2020:
I don't have issue with naira appreciating but will the price of goods & services also reduce

Fuel price responsible for local products like food. The price of your iPhones and used cars are affected by dollar rate

1 Like

Re: Crypto Exchanges Stop Selling USDT/USDC In Naira by RodgersAkpafu: 9:48pm On Feb 28, 2024

Higherthan:
The man who prick your mama is the stupidest one

Still acting stupidly

Re: Crypto Exchanges Stop Selling USDT/USDC In Naira by myrum(m): 9:51pm On Feb 28, 2024

Please can someone use his domiciliary account to purchase on binance

Re: Crypto Exchanges Stop Selling USDT/USDC In Naira by MASTERCHIEF0847(m): 10:44pm On Feb 28, 2024

post=128692052:
Anything to move our Darling country forward is all we want at MANNABBQGRlLLS.

Slow and steady we will get to the nation of our dreams.

God bless Nigeria 🇳🇬

Banza kawaii.

Re: Crypto Exchanges Stop Selling USDT/USDC In Naira by amba2017: 10:46pm On Feb 28, 2024

After sharing billions of $$$ during el ect ion

Re: Crypto Exchanges Stop Selling USDT/USDC In Naira by Konquest: 11:13pm On Feb 28, 2024

nlfpmod:
https://techcabal.com/2024/02/28/crypto-platforms-agree-to-suspend-usdt-usdc-trade/

A handful of crypto companies in Nigeria will no longer allow users to buy the USDT and USDC stablecoins with Naira after renewed scrutiny from the Central Bank of Nigeria (CBN).

“There was a meeting of crypto founders on Tuesday morning, and a number of them agreed to suspend the trades on their platform,” a person at that meeting told TechCabal. A second crypto industry player confirmed the meeting but declined to share details.

At least two crypto exchanges have told their Nigerian customers about the new development.

“We are suspending the buying and selling of USDT and USDC for Naira. This means you can’t buy or sell USDT or USDC with Naira,” said a notification sent by one exchange to customers.

Crypto exchanges in crosshairs as CBN talks tough

Binance and other exchanges have found themselves in regulatory crosshairs as regulators believe that crypto platforms encourage speculators to manipulate exchange rates. This week, users could not access the websites of crypto exchanges like Coinbase, Quidax, and Binance.

Increased volatility in Nigeria’s FX markets has triggered several policy actions, and on Tuesday afternoon, Olayemi Cardoso, the Central Bank governor, claimed “$26 billion has passed through Binance Nigeria from sources and users we cannot identify.”

An autonomous group, the Digital Currency Coalition, also claimed in a presentation seen by TechCabal that speculative trading on the Binance peer to peer offering significantly contributed to the “113.1% devaluation of the naira against USDT” since February 2023. It is unclear how the Coalition arrived at its numbers.

Re: Crypto Exchanges Stop Selling USDT/USDC In Naira by Konquest: 11:27pm On Feb 28, 2024

kamtamark:
Plug 🔌 is here in cameroon... Any assistance just hit me up. I am very honest and reliable.

Re: Crypto Exchanges Stop Selling USDT/USDC In Naira by Konquest: 11:34pm On Feb 28, 2024

Ventura1:
Those with USDT should exchange it for USD and send it to their Domiciliary account, where they can only receive it in naira.

Re: Crypto Exchanges Stop Selling USDT/USDC In Naira by Konquest: 11:35pm On Feb 28, 2024

SenecaTheYonger:
https://www.nairaland.com/8009771/usdt-not-same-us-dollar

Re: Crypto Exchanges Stop Selling USDT/USDC In Naira by Higherthan: 1:41am On Feb 29, 2024

RodgersAkpafu:
Still acting stupidly

Take someone stupid to know another stupid person grin

like useless father like RodgersAkpafu tongue

Re: Crypto Exchanges Stop Selling USDT/USDC In Naira by hansomb: 3:52am On Feb 29, 2024

If u are not happy on clamps down on crypto platforms, U are one of the enemies of this country. SPECULATORS

Re: Crypto Exchanges Stop Selling USDT/USDC In Naira by Truths9ja: 3:54am On Feb 29, 2024

Naira keep on increasing back. You can still withdraw via kucoin crypto currency wallet app. Use my code when signing up on kucoin. You can withdraw on kucoin crypto currency wallet app. You can buy or sell the usdt . My refer code: https://www.kucoin.com/r/rf/rB31GDW

Re: Crypto Exchanges Stop Selling USDT/USDC In Naira by RodgersAkpafu: 6:16am On Feb 29, 2024

Higherthan:
Take someone stupid to know another stupid person like useless father like RodgersAkpafu

Acknowledgement
That's progress undecided

Re: Crypto Exchanges Stop Selling USDT/USDC In Naira by fxexperts: 10:52am On Feb 29, 2024

Omoawoke:
Unfortunately for you, I’m not currently in the same country with you . Mr fx expert na ogun go kill you , go find better work do and leave our National currency alone

Your illiteracy stink from high heaven. See this agabdo living sango. this dirty guy living in sango. you are right we are both not in the same country. na ogun go kill your papa and your entire generation.

Re: Crypto Exchanges Stop Selling USDT/USDC In Naira by Omoawoke(m): 1:42pm On Feb 29, 2024

fxexperts:
Your illiteracy stink from high heaven. See this agabdo living sango. this dirty guy living in sango. you are right we are both not in the same country. na ogun go kill your papa and your entire generation.

You are so lucky I’m in a good mood today grin

chai. And I skimmed through your previous posts, you have sense small just that we don’t agree on this. Make I free you

Re: Crypto Exchanges Stop Selling USDT/USDC In Naira by southsouthking(m): 4:35pm On Mar 19, 2025

Metu2016:
abeg make them leave our crypto for us oo

You dey into crypto abi na into arm robbery?

1 2 3 4 Reply

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