Binance Announces Support For New African Currencies Without Third Parties – Hooray!
It’s been a long time coming, but Binance has finally announced they will be introducing support for the African continent! This means that users from across the continent will now be able to purchase and trade digital assets from a number of African countries, without the need for any third-party services.
This is incredible news for African digital asset traders and an important step for digital assets in the exciting emerging market. So what does this mean for you? Read on to find out.
Why Is Binance Introducing Support For African Currencies?
By bringing African currencies on to the Binance platform, Binance are able to help pave the way forward for digital assets in the African market, as well as giving users more options and access to digital assets without a third-party. It also makes it easier for users to trade with each other and take advantage of market fluctuations – which means everyone wins.
Which African Currencies Will Be Supported?
For now, the following African currencies will be supported:
- South African Rand (ZAR)
- Kenyan shilling (KES)
- Ugandan shilling (UGX)
- Nigerian naira (NGN)
This is a great starting point and it means that users from these African countries will have access to a wide range of digital assets, such as Bitcoin, Ethereum, Ripple, Litecoin and more.
What Does This Mean For African Traders?
This is excellent news for all African digital asset traders, as it means they now have access to the same trading and purchasing options that are available to traders from all other countries across the globe – without relying on third-party services. This makes the process of trading and purchasing digital assets more convenient, quicker, and cheaper – and also comes with more secure transactions.
And best of all, everyone can now be part of this exciting new era of African digital asset trading! Hooray!
