1
Nigerian Languages / Re: JUST IN: FG to delist naira from P2P platforms
« on: Today at 01:15:51 AM »This has also been a way some people are using P2P even when there was no problem. But the ads I still saw on telegram is not also favorable. You can compare it with Bybit:
Telegram left and Bybit at the right.
Although it support USDT which is an advantage. Most decentralized exchanges are not supporting USDT.
I hope this rate will change for better if centralizedP2P are truly banned. Some people are interacting with both centralized exchanges and decentralized exchanges to make money which makes us see unfair rates.
Those appeared to be bot Marchants created by the exchange to drive traffic to the site while failing to alter the rates to match the current black market rate. Did you check when those rates were set? It may be months ago.
The question now is: how many Nigerians trade in Bitcoin? The majority of trades are in USDT. The last Bitcoin drop was not beneficial for their business. One of my guys lost over 5 million Naira, and he has never left his holdings in Bitcoin since. He is a day trader, therefore I don't blame him.