Binance Expands to Africa, Launches First Fiat-to-Crypto Exchange in Uganda
Binance is looking to expand its user base with the launch of its first crypto-to-fiat exchange in Uganda.
Experts have reported that African countries have seen an upsurge in cryptocurrency adoption and Binance, which is on an expansion spree, seeks to draw these users to its new exchange in the East African country.
Binance also announced a reward of 0.5 BNB for the first 20,000 users to register on the new exchange.
“The total rewards for this promotion are strictly limited to 10,000 BNB, and will be distributed on a first come first served basis,” the announcement read, adding that users will also be provided with a month of Zero trading fees once trading begins on the new exchange.
— Binance (@binance) June 28, 2018
Binance is currently the second largest cryptocurrency exchange by market capitalization.