Cryptocurrency
Binance’s direct fiat-to-crypto trading facility goes live, starting with Nigerian naira pairs
The Block reports, “Cryptocurrency exchange Binance has listed the first direct fiat-to-cryptocurrency trading pairs, starting with Nigerian naira (NGN). “Announcing the news on Thursday, Binance said users can deposit NGNs and buy bitcoin (BTC), Binance coin (BNB) and Binance’s native dollar-pegged stablecoin BUSD. “The NGN deposit feature is being offered via U.S.-based payments tech firm Flutterwave. […]
The Block reports, “Cryptocurrency exchange Binance has listed the first direct fiat-to-cryptocurrency trading pairs, starting with Nigerian naira (NGN).
“Announcing the news on Thursday, Binance said users can deposit NGNs and buy bitcoin (BTC), Binance coin (BNB) and Binance’s native dollar-pegged stablecoin BUSD.
“The NGN deposit feature is being offered via U.S.-based payments tech firm Flutterwave. The maximum deposit per transaction is 430,000 NGN (~1,185) and the minimum deposit per transaction is 150 NGN ($0.41), per the announcement. The NGN deposits fees are 1.4%.
“The next supported fiat currency would likely be Russian rubles…'”
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