Binance drops naira from P2P platform amid government scrutiny

The removal of the naira by Binance from its P2P market came amid claims by Nigerian authorities that the platform contributed to the devaluation of Naira.

Cryptocurrency trading platform Binance has removed the Nigerian currency, the naira from its peer-to-peer (P2P) feature. 

Binance users in Nigeria have taken to the X social platform to complain and express concerns about the development. The removal of the naira by Binance from its P2P market came amid claims by Nigerian authorities that the platform contributed to the devaluation of Naira. 

Presidential adviser Bayo Onanuga said Binance would destroy the Nigerian economy if not stopped because it arbitrarily fixes foreign exchange rates.

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