OKEx, one of the largest crypto exchanges globally, has added support for the Nigerian Naira (NGN) on its P2P trading platform.
In addition, support for the Bank Transfer payment method now means Nigerians now have an on and off-ramp option, in and out of the exchange, since the exchange directly links its P2P trading to traders’ OKEx accounts.
Currently, users in Nigeria can now buy and sell the following assets with Nigerian Naira via bank transfer:
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether (USDT)
Announcing the new addition of the new currencies and payment methods, Jay Hao, CEO, OKEx, said:
“We’re always looking for ways to make user onboarding easier and purchasing cryptocurrencies as frictionless and convenient as possible.
By giving our customers the ability to buy and sell crypto with their local currencies and preferred payment methods, we can make entering the crypto space easier for people around the world.”
– CEO, OKEx
In order to starting trading on OKEx using NGN:
- Complete KYC level 1 verification
- Complete mobile number verification
- Link a bank account to your account
- Link a payment method
In 2020, Paxful partnered with OKEx to offer a variety of trading options for users in Africa and other developing regions. The partnership helped open the way for OKEx to enter the African market.
OKEx is undoubtedly determined to further its footprint on the continent in 2021 and beyond.
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