Binance adds more African countries as crypto demand rises
Binance, blockchain ecosystem and cryptocurrency infrastructure provider, is now offering services in Angola, Botswana, Namibia, Mozambique, Zimbabwe, and Zambia – as it expands its presence on the continent.
This expansion aims to bolster Binance’s presence on the continent, where cryptocurrencies have seen a lot of interest and adoption in recent years.
Binance says this move will enable users in these regions to make direct cryptocurrency transactions on Binance’s platform.
Residents in these countries are now able to post adverts to trade or trade directly with other users or verified merchants in their currency.
“We understand the diversity of each country in the region and this new service will allow us to continue working for financial inclusion for everyone,” says Hannes Wessels, country manager, Binance South Africa.
“Africa is a very important market to us and we remain focused on building user trust through regulatory compliance, security, and strategic partnerships, particularly in areas like anti-money laundering, combating the financing of terrorism, and building a robust ‘Know Your Customer’ process, which is a built-in safeguard against fraud and identity theft.”
To celebrate the launch, Binance announced an exclusive promotion to users in these markets following the launch.
In a statement, it says: “Users who refer friends to Binance using their standard referral link/ID and complete account verification during the promotion period will be eligible to share a $20 000 rewards pool in Binance Coin (BNB) token vouchers.
Verified users will also be rewarded with $100 in BNB vouchers when inviting friends who subsequently join the service