The world’s largest cryptocurrency exchange has opened shop in Africa to offer fiat trading pairs for the first time.Binance announced their first fiat crypto exchange launch- Binance Uganda today.
As is the norm with any new exchange launch, Binance is embracing new users with zero trading fees for a month after the launch of trading, which the exchange says “will be announced at a later time.”
Further, Binance is incentivizing the first 20,000 newly registered users with 0.5 binance coins (BNB), the eponymous utility token of the exchange operator. Limited to 10,000 BNB, the promotion is distributed on a first-come first served basis for users who will be able to withdraw their tokens after identification verification requirements under KYC norms, the exchange added.