In response to an ongoing regulatory conflict in Nigeria, Binance has decided to discontinue all services related to the country’s fiat currency, the naira.<\/p>\n
Starting March 8 at 8:00 a.m. UTC, the crypto exchange will automatically convert naira balances to USDT, while terminating support for NGN deposits after 14:00 UTC today. Withdrawals will no longer be supported after March 8 at 6:00 a.m. UTC. The conversion rate for automatic conversions is set at 1 USDT per 1,515.13 naira.<\/p>\n
Furthermore, all spot trading pairs against the naira will be delisted on March 7 at 3:00 a.m. UTC, and open spot orders for these pairs will be closed automatically.<\/p>\n
Additional services, including Binance Convert, Binance P2P, the exchange\u2019s Auto Invest feature, and Binance Pay, will also cease support for the naira at varying dates and times.<\/p>\n","protected":false},"excerpt":{"rendered":"
In response to an ongoing regulatory conflict in Nigeria, Binance has decided to discontinue all services related to the country’s fiat currency, the naira. Starting March 8 at 8:00 a.m. UTC, the crypto exchange will automatically convert naira balances to USDT, while terminating support for NGN deposits after 14:00 UTC today. Withdrawals will no longer […]<\/p>\n","protected":false},"author":7,"featured_media":21829,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[],"class_list":["post-21828","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/21828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=21828"}],"version-history":[{"count":3,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/21828\/revisions"}],"predecessor-version":[{"id":21849,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/21828\/revisions\/21849"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/21829"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=21828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=21828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=21828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}