As it is ready to exit Nigeria, Binance suspends its naira services

Before it ends its naira services this week, Binance asked Nigerians to exchange or remove their holdings.After a falling out with the Nigerian government, cryptocurrency trading platform Binance is planning to withdraw from the country.Before the naira services are discontinued this week, Binance invited Nigerians to withdraw, trade, or convert their NGN assets into cryptocurrency in a statement released on Tuesday, March 5, 2024.All leftover NGN balances in Binance customers' accounts will be automatically converted to USDT stablecoin starting on Friday, March 8, 2024, according to the firm.