Updated: February 21, 2024

Nigerian Users Criticize Binance for Imposing Exchange Rate Caps on USDT to Naira Transactions

February 21, 2024

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Some Nigeria-based users of Binance’s peer-to-peer platform have blasted the crypto exchange’s decision to block or remove traders quoting USDT to naira exchange rates exceeding NGN1,802. Binance says it has the right to remove “users behaving in a malicious or manipulative way.” The Nigerian Currency’s Woes Some Nigerian users of Binance’s peer-to-peer (P2P) platform have […]