KuCoin Deactivates P2P, Delists Naira On Platform

KuCoin Deactivates P2P, Delists Naira On Platform

Amid the clampdown on cryptocurrency platforms by the Nigerian government, another major cryptocurrency trade platform, KuCoin, has deactivated its peer-to-peer (P2P) function for Nigerian users and delisted Nigerian naira from its platform.

Peer-to-peer function, popularly known as P2P, allows users, buyers and sellers to trade without third-party interference.

“Starting from 2024-05-15 08:00 (UTC), we will temporarily suspend all P2P Nigerian Naira (NGN) services and Fast Buy service via naira cards,” KuCoin announced in a press statement.

It stated further that “The KuCoin team is committed to resolving this matter swiftly and efficiently.’’

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