Posted 12 months ago | by Ben Armstrong
KuCoin Introduces Nigerian Naira to P2P Fiat Trade
The exchange offers multiple features to its users as well as supporting over 185 cryptocurrencies, making it one of the best options when it comes to trading securely and quickly. Make sure to click here to take advantage of all the benefits KuCoin has to Offer.
Users in Nigeria are Now Able to Buy USDT and BTC Using the Nigerian Naira
According to an announcement from its official Twitter, the popular Singapore-based cryptocurrency exchange KuCoin has launched a peer-to-peer fiat trade using the NGN/USDT and NGN/BTC pairs.
To take advantage of these two trading pairs on the KuCoin’s P2P platform, users will have to complete the verification process before accessing these fiat currencies trades.
The Nigerian Naira is the first African fiat currency that the exchange has offered support for on the continent.
KuCoin also announced in a blog post that the newly added crypto-fiat pairs are currently available for trading on the exchange’s P2P trade platform with support for other cryptocurrencies being planned
Nigeria Is a Hotspot Market for Crypto Exchanges
Binance, one of Kucoin’s competitors, was the first global cryptocurrency exchange to enter the Africa market by supporting the Nigerian Naira and other African fiat currencies.
‘The People’s Exchange’, as KuCoin is known to many, will be looking to spread its services into other parts of the African market following the growing interest in cryptocurrencies.
As the Nigerian market is arguably the number one hotspot for cryptocurrency in Africa, the country has become a fertile place attracting numerous global cryptocurrency exchanges that have seen Peer-to-Peer cryptocurrency trading in Nigeria as a popular choice among crypto users.
According to the recent stats from the crypto data analytics website UseFulTulips, Nigeria takes the highest spot for P2P trading volume in Africa, which is not surprising as Nigeria is one of the top five countries with the most bitcoin searches on Google.
KuCoin is a well-known Singapore based crypto exchange launched in 2017, which has grown to become one of the most popular cryptocurrency exchange with over 185 cryptocurrencies and 400 markets.
In addition to offering bank-level security, slick interface, and beginner-friendly UX, KuCoin also has a range of interesting crypto services for investors to take advantage of.
Investors are attracted to the listing of small-cap cryptocurrencies with upside potential on the exchange, a varied selection of coins, and profit-sharing incentives, with up to 90% of trading fees returning to the KuCoin community via its KuCoin Shares (KCS) tokens.
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