Parvas Hasan Posted March 4 Share Posted March 4 The Binance P2P situation has been a rollercoaster lately. It's frustrating because Binance has been a go-to platform for crypto enthusiasts here, especially with the convenience of P2P trading. We're hoping for some clarity and resolution soon. It seems Binance is facing some major regulatory hurdles in Nigeria with accusations of terrorism financing and operating illegally. Binance's struggles highlight the importance of cryptocurrency exchanges working cooperatively with governmental authorities. Regulatory issues can be an existential threat to crypto exchanges if not handled properly. For those concerned about Binance's future in the Nigerian market. This situation shows how quickly the tides can turn for exchanges based on their compliance efforts. Major regulatory accusations are certainly concerning for Binance's future in the Nigerian market. If the situation with Binance in Nigeria escalates, users there may start looking for alternative exchanges. I've been hearing good things about Bitget's commitment to following regulations. Their proof of reserves and user protection funds show they take security seriously, which is reassuring compared to Binance's current issues in Nigeria. This could open up opportunities for other exchanges like Bitget that are prioritizing compliance. Link to comment Share on other sites More sharing options...
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