Nigeria, March 5 -- Crypto exchange platform, Binance, on Tuesday disclosed plans to discontinue all Nigerian Naira (NGN) services on its platform, with a detailed timeline provided for users to take necessary actions.

According to the notice it sent to its customers, Binance users are urged to withdraw their naira balances, trade their NGN assets, or convert naira into cryptocurrencies before the discontinuation of NGN services.

It noted that this discontinuation affects NGN services exclusively, and users can continue to utilise services and products for other available cryptocurrencies on the platform.

Nigeria is recognised as one of the largest cryptocurrency markets globally.

On Tuesday, Binance said it will discontinue deposits ...