Crypto exchange giant, Binance removes Naira from trading pairs, gives reasons

The largest cryptocurrency exchangers in terms of market volume, Binance has removed naira from its trading pairs.

In a statement posted on its website, Binance advised users to transfer their peer-topper wallet for transactions.

“Binance will remove and cease trading on the following trading pairs at 2021-02-09 12:00 PM (UTC): BNB/NGN, BUSD/NGN, DOT/NGN, ETH/NGN, LINK/NGN, LTC/NGN, TRX/NGN, XRP/NGN.

Continuing, it said NGN is fiat currency and does not represent any other digital currencies, adding that cryptocurrency trading is subject to high market risk.

“Please make your trades cautiously. Binance will make best efforts to choose high-quality coins, but will not be responsible for your trading losses,” it advised traders.

This is as a result of Central Bank of Nigeria (CBN) banning banks from transacting in Cryptocurrencies.

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