So far, despite the ongoing Covid-19 pandemic, 2020 has been a great year for crypto and Binance exchange took time to recap the year and its activities across the African continent.
Binance is celebrating its 3rd anniversary in July 2020 and the video is a great recap of its activities in Africa since 2018. Binance Uganda was the first ever Binance fiat crypto exchange to be launched.
In just six months, Binance has been able to grow its African fiat-on-ramp users to over 5, 000 who have traded over $2 million in monthly volumes on the Binance P2P platform.
The four African countries where Binance is operating by mid-2020 include:
According to Binance CEO:
“Africa illustrates one of the largest demand and instrumental use cases for cryptocurrency. notably, for financial access. According to the World Bank, approximately 66% of Sub-Saharan Africans are listed as unbanked.
So, instead of trying to bank the unbanked, lets bitcoin the unbitcoined.” ~ ChangPeng Zhao, CEO, Binance
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