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Binance Uganda Will Shut Down On November 11

Amy Liu

Summary: Binance Uganda, Binance’s early foray into the African market, is closing all trading services on November 11 after halting deposits last week. Binance had earlier announced the shuttering of Binance Jersey, its exchange in the British Isles. According to Binance CEO Chenpeng Zhao, “All the features that Binance Uganda provides are now covered by Binance.com ...

Binance Uganda, Binance’s early foray into the African market, is closing all trading services on November 11 after halting deposits last week. Binance had earlier announced the shuttering of Binance Jersey, its exchange in the British Isles.

According to Binance CEO Chenpeng Zhao, “All the features that Binance Uganda provides are now covered by Binance.com together with our fiat channel partners. There's a very minimal number of users on there, so it doesn’t make sense for us to maintain two platforms.”

By Amy Liu

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