Thursday, July 25News That Matters

Tag: Changpeng “CZ

Binance is Closing shops in Uganda.

Binance is Closing shops in Uganda.

Business, FEATURED, NEWS
After a two-long year stay in operations, Binance Uganda, one of the African outposts for the world's largest crypto exchange, will be shutting its doors on November 11. The closure follows a mission by Binance to cut down on losses, which also sees British Isle-based exchange, Binance Jersey, shut down its businesses on November 30th. The East African country has enjoyed the exchange’s services from the fall of 2018, offering a direct platform for Ugandans to use the Shilling to purchase cryptocurrencies. The launch of Binance UG targeted efforts to promote crypto adoption across the continent, using the country as a starting point to taking over the African market. Why Binance UG is shutting down In an interview explaining the recent closure of the Ugandan branch, Bin...