Binance Overcomes Regulatory Challenges, Maintains Popularity in Nigeria
Binance remains the top cryptocurrency exchange in Nigeria, mainly due to its robust peer-to-peer (P2P) marketplace, local payment options, and liquid trading platform.
It offers a wide range of tokens, low fees (0.1%), and advanced tools like futures markets and staking. Despite facing regulatory challenges and a lawsuit from the Nigerian government for alleged unlicensed operations and tax evasion, Binance continues to lead the market. The platform has recently limited its exposure by blocking Nigerian participation in airdrops. In comparison, Bybit and Bitget rank second and third, respectively, but Binance’s offerings keep it at the forefront in Nigeria.
Clever Robot News Desk 12th March 2025
