Binance Adds First Fiat Trading Pair, CEO Hints More Will Follow

Binance has added its first fiat currency trading pair. Nigerian users of the platform will now be able to deposit using their local currency, the naira, at the popular crypto trading venue.

Previously, users of the platform have only been able to trade cryptocurrency for other cryptocurrency. However, that looks set to change with today’s announncement and the fact that Binance CEO Changpeng Zhao has hinted that the exchange is also close to being able to add more fiat currencies.

Binance Supporting Growing Crypto Market in Nigeria

Previously, NewsBTC has reported on the growing interest in crypto assets observed in parts of Africa. LocalBitcoins volume data, provided by UsefulTulips, shows that Nigeria is one of the nations with the biggest appetite for trading digital currencies on the continent.

With an announcement made by Binance earlier today, the crypto asset traders of Nigeria have become the first in the world to be able to deposit their own national currency to the exchange platform. Read More...