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Binance Has Opened Fiat-to-Crypto Exchange in Africa

Binance Has Opened Fiat-to-Crypto Exchange in Africa

The largest cryptocurrency exchange Binance is opening a branch in Uganda this week, as was announced on the official website today, October 15.

Maintaining the Economy

According to the release, the exchange in Uganda has already begun the know-your-customer (KYC) procedures, and will start accepting deposits and withdrawals of the local currency, Ugandan shillings (UGX), in two days. Initially, the branch will support only Bitcoin (BTC) and Ethereum (ETH), but other currency pairs will be added in time. 

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