Home Foreign Affairs Economic & Finance Why Binance Removed P2P NGN Trading Pair and Way Forward

Why Binance Removed P2P NGN Trading Pair and Way Forward

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Why Binance Removed P2P NGN Trading Pair and Way Forward

 

In seconds of flashing lights, one of the major cryptocurrency exchanges removed the Nigeria Naira NGN trading pair from her known P2P tab.

Nigeria Communications Commission (NCC)
Daily News NG - Federal Inland Revenue Service (FIRS)

Why many Nigerian users of the widest and most used Binance app are groaning as evidence on the X app. Asking questions on what next to do to withdraw their leftover fund in their account, it also appears that the recent policies and pronouncement of the Central Bank of Nigeria (CBN) Governor, Mr. Yemi Cardoso resulted in the removal of the P2P trading pair.

Tweet from popular X user, MrBanks on the removal of Binance P2P trading

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Way forward?

Why it is important for Nigerians generally to back the many policies of the government in stabilizing the economy and monetary policy, it is equally important for the authority to rather find every possible means of regulating the activities of the major cryptocurrency exchanges in the country instead of pressing the button of removing the P2P trading pair.

Why Binance Removed P2P NGN Trading Pair and Way Forward

For security reasons

The Nigerian users of Binance should hold their nerves as something will work for the process and very important to avoid using any VPN apps to access their Binance account. It is very risky and dangerous.

EFCC Fraud

Risking the above can lead to loss of assets or banning from Binance and other exchanges as they forbid such for high level security reasons.

Be careful and relax, your asset is safe on Binance, and it will be easily traded appropriately.

Akintunde Yusuf’s opinion

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