Revealed! Binance cryptocurrency exchange set limits on trading for Nigerians

  • Binance cryptocurrency exchange has put a N1,802 naira per USDT cap on the trading of Tether
  • It further stated its readiness to work closely with Nigerian authorities to ensure the removal of abnormal prices
  • This came after a report that the Nigerian government is contemplating blocking the online crypto platforms

Legit.ng journalist Zainab Iwayemi has over three years of experience covering the Economy, Technology, and Capital Market.

In a bid to cooperate with Nigerian authorities, peer-to-peer exchange, Binance has set a price cap on selling cryptocurrency stablecoin, Tether on its platform.