Launch of First ever Crypto -Fiat Exchange by Binance in Uganda
Binance is working hard to grow their operations in other countries in continuation to that on Thursday, world's largest cryptocurrency exchange Binance has announced its first crypto Fiat treading exchange. Binance has announced that they have started shops in Uganda, Africa where they started accepting local fiat currency Shilling. They also started accepting registration from the new users on its exchange. Ahead to this Binance has decided to provide incentives to its first 20000 members with 0.5 Binance Coin (BNB).
Distribution of the rewards will be done only after the KYC verification by following policies on exchange. Binance is also planning to launch decentralized peer to peer crypto distributed trading exchange which will not require any third party custodian for trader's coin.
Binance CEO CZ says, all these efforts are not to make money, these are about spreading crypto. Because as much as crypto will be spread then the profits will automatically grow. Well, friends, it's a good news for all the investors as well and cryptocurrency community.
Do share your views by discussing in below comment section on above progress of Binance and does such steps will help them to take their coin rate at the time of writing $14. 72 to moonshot...