When Binance returns, will you return back?

[Asiska02]

Some sanctions and policies do not always stay the same for long, they can change while a government is still in power, or when they pass power on to a new government. I think that Binance will be back to Nigeria, and when they come back, how willing do you think Nigerians who are into cryptocurrency will be to return back to them for exchange services?

Binance as a top crypto exchange platform available to Nigerians haven’t lost its prestige even when the government policies is not allowing the exchange to thrive well in the country as the government have shown that they’re against anything cryptocurrency in the country. The depreciation of Naira at that time was blamed on binance and had to do some arrest of their officials at the time. Because of that, they stopped their p2p services on their platform for Nigerians but every other services is still available for Nigerians to interact with they platform. A new government that shows interest in crypto will definitely make citizens to get back on it even those that have not yet engaged in anything cryptocurrency before.

[Darker45]

Some sanctions and policies do not always stay the same for long, they can change while a government is still in power, or when they pass power on to a new government. I think that Binance will be back to Nigeria, and when they come back, how willing do you think Nigerians who are into cryptocurrency will be to return back to them for exchange services?

Binance as a top crypto exchange platform available to Nigerians haven’t lost its prestige even when the government policies is not allowing the exchange to thrive well in the country as the government have shown that they’re against anything cryptocurrency in the country. The depreciation of Naira at that time was blamed on binance and had to do some arrest of their officials at the time. Because of that, they stopped their p2p services on their platform for Nigerians but every other services is still available for Nigerians to interact with they platform. A new government that shows interest in crypto will definitely make citizens to get back on it even those that have not yet engaged in anything cryptocurrency before.

Indeed, many citizens of Nigeria still consider Binance as their primary source to participate in the crypto market while paying their attention to the regulation problems arisen. When the previous government aligned the Naira and cryptocurrency trading and put restrictions on the later, Binance, for instance, ceased offering P2P trading to Nigerian users but other services were available. This means that Binance is willing to adapt its business model to and with the regulations whilst not fully removing itself from the Nigerian market. If the new government reveals itself friendly to crypto then it would attract many long time users of the present platform and more people wishing to invest and trade in cryptocurrencies. Better policies can create even more prospects for Binance as well as make cryptocurrencies more accessible to the Nigerians.

[21Pilots]

Some sanctions and policies do not always stay the same for long, they can change while a government is still in power, or when they pass power on to a new government. I think that Binance will be back to Nigeria, and when they come back, how willing do you think Nigerians who are into cryptocurrency will be to return back to them for exchange services?

Binance as a top crypto exchange platform available to Nigerians haven’t lost its prestige even when the government policies is not allowing the exchange to thrive well in the country as the government have shown that they’re against anything cryptocurrency in the country. The depreciation of Naira at that time was blamed on binance and had to do some arrest of their officials at the time. Because of that, they stopped their p2p services on their platform for Nigerians but every other services is still available for Nigerians to interact with they platform. A new government that shows interest in crypto will definitely make citizens to get back on it even those that have not yet engaged in anything cryptocurrency before.

Indeed, many citizens of Nigeria still consider Binance as their primary source to participate in the crypto market while paying their attention to the regulation problems arisen. When the previous government aligned the Naira and cryptocurrency trading and put restrictions on the later, Binance, for instance, ceased offering P2P trading to Nigerian users but other services were available. This means that Binance is willing to adapt its business model to and with the regulations whilst not fully removing itself from the Nigerian market. If the new government reveals itself friendly to crypto then it would attract many long time users of the present platform and more people wishing to invest and trade in cryptocurrencies. Better policies can create even more prospects for Binance as well as make cryptocurrencies more accessible to the Nigerians.

As it is now, Binance is still popular among Nigerian users because, although they have had to tweak some of their offerings due to Nigerian legislation concerning cryptocurrency and the Naira. The continued stance that Binance has adopted in Naira, retaining an avowed non-P2P service denoting its interest in the Nigerian market and the ability to adapt and evolve if invited in with more open arms in the future. In this way, with the creation of the new government, more people will get an opportunity to work with cryptocurrencies safely, which may lead to the increase of demand on the market and obtaining of more significant revenues for citizens. Those favourable policies will also expand the general financial inclusion in Nigeria and thereby expand chances of future advancement for crypto technology both for users and Binance as a firm.