Following scathing backlash from the Nigerian government, Binance, a crypt exchange with over 170 million users worldwide has disabled its peer-to-peer (P2P) feature for Nigerian users.
Known as the P2P market, the network lets users, buyers, and sellers transact without the intervention of a third party. It gained popularity among Nigerians in 2021 after former president Buhari’s administration outlawed the country’s vibrant Crypto industry.
With the disabling of the P2P function for Nigerian users, Nigerians might no longer trade on Binance as the Nigerian currency was also unavailable on Binance on Wednesday.
