Binance Ends All Naira Services

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Cryptocurrency exchange Binance has ended its naira services, the company said on Tuesday.

It listed the timeline for the closure, asking users to take needed action.

“Users are encouraged to withdraw NGN, trade their NGN assets, or convert NGN into crypto prior to the discontinuation of these NGN services,” Binance said in a statement.

“From 2024-03-08 08:00 (UTC), any remaining NGN balances in users’ Binance accounts will be automatically converted to USDT based on the conversion rate below.

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