Cryptocurrency exchange platform Kucoin announced the launch of a peer to peer Fiat trade for the Nigerian market.
The launch will allow users purchase USDT and BTC using the Nigerian Naira (NGN) via its peer to peer Trade. According to Kucoin, users will enjoy better prices and instant transactions.
#KuCoin Launches P2P Fiat Trade for the $NGN Market 🇳🇬— KUCOIN (@kucoincom) July 31, 2020
The NGN/USDT and NGN/BTC are now available to users in the KuCoin P2P Fiat Trade market.
Buy #Crypto with NGN now: https://t.co/QEB6ZuqFCe
Details: https://t.co/9ph4hy53gF pic.twitter.com/pT2bHdhw8Y
The two trade pairs NGN/USDT and NGN/BTC are currently available for users on the Kucoin P2P fiat Trade Market. Kucoin request users to update to the latest version of the product to access the new market and ensure their trades are successful. It also revealed that more currencies will be provided soon on the platform.
Launched in 2017, Kucoin is one of the leading cryptocurrency exchanges globally and currently ranks 16 on coinmarketcap with a volume of over $300 million on daily average and offering spot trading, derivatives and OTC.
The Nigerian market has continued to see embrace by cryptocurrency exchanges owing to the large market which is indicated by the daily volume from P2P platforms such as PAXFUL and other sources.
On an average, according to data from coindance, over one billion Maura is traded weekly on Localbitcoin. PAXFUL commands on average weekly a $5 million trade volume from Nigeria being its largest market in Africa.
To enjoy the new markets, Kucoin advises users to upgrade their Kucoin product.