Binance Opens Its First Fiat-to-Crypto Exchange in Uganda

Binance Opens Its First Fiat-to-Crypto Exchange in Uganda
фото показано с : bitcoinist.com

2018-10-17 08:00

44 million Ugandans are able to trade Bitcoin and Ethereum without fees during the next month.

Binance recently announced the launch of a fiat-to-crypto exchange in Uganda and the platform will begin processing deposits and withdrawals of Ugandan Shillings beginning on October 17th. The exchange, called Binance Uganda, is the first official fiat-crypto exchange launched by Binance and the platform is able to handle 1.4 million transactions per second.

Get ready! We are excited to announce the launch of #Binance Uganda! Full sign-ups are now live at https://t.co/hzLBj9Dcrw, deposits and trading coming soon.https://t.co/kpqSVKulox pic.twitter.com/0jdE4cVspI

— BinanceUG (@BinanceUG) October 15, 2018

Uganda Loves Blockchain

Ugandans will be able to trade Ugandan Shilling (UGX) pairs with Bitcoin and Ethereum. Binance also plans to provide additional trading pairs in the future. All users are also exempt from trading fees for the first month and the exchange provides 24/7 customer support.  

Binance CFO Wei Zhou said, “We are extremely proud to officially launch our first fiat-crypto exchange in Uganda,” and noted, “This is only the first step in our efforts to use blockchain technology to support sustainable economic development in Africa.”

Uganda, Kenya, and South Africa each have burgeoning cryptocurrency communities and Uganda is already a host of important blockchain conferences and receives strong support from the Ugandan government and financial regulators. Furthermore, Uganda currently has one of the youngest populations worldwide and Binance sees an immeasurable opportunity for growth in Africa, a continent which still has one of the lowest rates for accessing banking and financial service.

Binance will ‘Bank’ the Unbanked

A recent post by Binance Labs director Benjamin Rameau explained that “In Sub-Saharan Africa, only 43% of people aged 15+ own a bank account versus a global average of 69%.” As the infrastructure continues to develop, one can expect the country of 44 million to become a leader in Africa’s developing cryptocurrency sector. Binance also has plans to launch crypto-fiat exchanges in Singapore, Liechtenstein, and Malta. Binance also has suggested that they will launch more exchanges in various regions throughout the world.

What do you think about Binance’s plans to launch crypto-fiat exchanges throughout the world? Share your thoughts in the comments below! 

Images courtesy of  Shutterstock and Twitter/@BinanceUG.

The post Binance Opens Its First Fiat-to-Crypto Exchange in Uganda appeared first on Bitcoinist.com.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Binance Coin (BNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $562.5
Капитализация $0 Rank 99999
Цена в час новости $ 9.9302 (-100%)

binance exchange uganda fiat-to-crypto platform able million

Источник: bitcoinist.com

binance exchange → Результатов: 126


Binance Halts New User Registrations In The UK Starting October 16

In a significant development, Binance, the world’s largest cryptocurrency exchange, announced the suspension of access to its platform for new users in the United Kingdom.  According to a Bloomberg report, the move comes after the termination of a partnership with a third-party firm responsible for approving communications on the exchange, as mandated by the UK’s […]

2023-10-17 04:00


Фото:

Binance introduces community feedback tool in its Roadmap development

Binance, the largest cryptocurrency exchange, has launched a new tool that will allow it to gather and act on user feedback in a dynamic fashion. Besides allowing the crypto exchange in understanding what products need improvement, the new feature empowers Binance users to provide in-depth feedback on the exchange’s product improvement.

2023-2-3 18:53


How To Transfer Crypto From Binance, Coinbase to BTCC Exchange

MPORTANT WARNINGS Trying to deposit a non-supported token may result in the loss of tokens. Send a small test amount first Beware when choosing the network which you want to use for sending crypto Send coins from Binance to BTCC – Withdrawing coins from Binance Binance is the biggest exchange in the world, and it […] The post How To Transfer Crypto From Binance, Coinbase to BTCC Exchange appeared first on CaptainAltcoin.

2022-7-28 22:20


Binance Jersey Review 2022 – Beginner’s Guide to the new Fiat-Crypto Exchange

There’s not much we can say about Binance that hasn’t been said before; with hundreds of currencies on their portfolio, a native exchange token that remains resilient to bear markets, never-before hacked security measures, an OTC trading desk, an in-house built wallet, and a launchpad for up-and-coming blockchain projects, the platform is currently one of […] The post Binance Jersey Review 2022 – Beginner’s Guide to the new Fiat-Crypto Exchange appeared first on CaptainAltcoin.

2022-3-22 23:42


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Binance CFO Interview: 2 Main Things Will Drive Mainstream Crypto Adoption

Wei Zhou, the chief financial officer of Binance, believes two main factors will drive the mainstream adoption of crypto in the long-term. Solid cryptocurrency exchange infrastructure that increases the ease of purchasing cryptocurrency and an increase in the number of high-quality projects in the ecosystem will fuel the growth of the cryptocurrency sector, Zhou said […] The post Binance CFO Interview: 2 Main Things Will Drive Mainstream Crypto Adoption appeared first on CryptoSlate.