It’s official: Binance Uganda launches trading

Binance has launched its fiat-to-crypto exchange in Uganda.

This is a first step into “expanding cryptocurrency exchange markets for a more inclusive ecosystem that will involve fiat currencies”, it says in a Medium post.

The move presents great opportunities for the Binance community and also the broader blockchain ecosystem, the post claims.

“Uganda, this country of 44 million people, is a progressive nation when it comes to blockchain adoption, thanks to the strong support for the technology from its government and regulators. Key blockchain conferences, associations, and communities have flourished in this African nation, lighting the way for the continent to leverage blockchain technology,” it continues.

Coin Rivet first reported on the Uganda project last week. Read the article here.