Here's what Binance's P2P Block trade zone is all about

[RSRS]

Regulatory concerns for Binance may have taken a breather but there is no stopping the world’s leading cryptocurrency exchange from expanding and reaffirming its presence in Africa. Running parallel to this trend Binance has announced yet another new feature called- Block Trade Zone for the users based in Nigeria. What exactly does the new zone represent?

According to the official blog post, the Block Trade zone is essentially a section of the Binance P2P application that is designed to enable high volume traders to access to necessary liquidity in order to purchase and sell large amounts of Bitcoin [BTC], Tether [USDT], Ethereum [ETH], Binance USD [BUSD] among other tokens.

Binance Africa’s tweet regarding the same read,

⚡️Introducing the #BinanceP2P Block trade zone.

Get access to sufficient liquidity, to buy and sell large amounts of BTC, USDT, ETH, BUSD on the Block Trade Zone…

Read more 📌https://t.co/f6epyK4tBz

— Binance Africa (@BinanceAfrica) August 30, 2021

As of now, the Block trade zone is only available on the mobile app. Additionally, Binance also revealed that the transaction limits per order in the Block trade zone are within the range of 5 million NGN to 200 million NGN.

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