Naijacrypto, in its vision to revolutionize financial operations as well as inclusion in Africa, has announced the launch of the Kenyan Shilling (KES) pairs on its exchange.
The exchange, which is based out of Nigeria, has partnered with Trans Nile Investment Capital, a financial technology firm based in Nairobi, Kenya. This is a partnership built to solidify the base of both companies in Eastern Africa.
Speaking about the launch, Chiagozie Iwu, CEO, NaijaCrypto, said:
“Including the Kenyan Shilling on Naijacrypto was an easy decision as there has been a growing and strong cryptocurrency community in Kenya and this community is hungry for exchanges that can give it what it needs, Naijacrypto satisfies this hunger.”
– CEO, NaijaCrypto
Less than a month ago, Naijacrypto announced the launch of its crypto-backed loans for users on its exchange. Now the crypto-backed loans, coin staking module, fiat and spot market, futures market, amongst others, are available to its users in Kenya.
The exchange now accepts deposits and issues withdrawals in the following Kenyan Shillings (KES) pairs:
Users in Kenya can trade the above cryptocurrencies and carry out transactions on the exchange without having to use US Dollar (USD) backed stablecoins. This is a major win for not only the Kenyan economy but also Kenyan users who just want to use their currency to trade.
Naijacrypto already has a strong position within the Nigerian market and is set to dominate the African crypto space in the coming years. Innovation never stops for Naijacrypto as it sets to roll out even more amazing features.