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“We observed in doing that that Binance provides a trading platform where users trade virtual assets.PREMIUM TIMES delivers fact-based journalism for Nigerians, by Nigerians — and our community of supporters, the readers who donate, make our work possible. Help us bring you and millions of others in-depth, meticulously researched news and information.
“Binance platform provides a trading place or marketplace for traders and users of virtual assets, otherwise known as cryptocurrency. “Once the buying party transfers the amount agreed, he clicks on a particular icon on Binance platform to communicate the fiat that he has transferred the amount to the selling party.
Mr Akinwumi said that Page 2 of Exhibit 8 introduced Binance as the world’s leading crypto exchange, with users from over 190 countries.“Some of the videos will be on their YouTube platform which they use in educating those who are interested in the services that they provide,” he said.
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How Nigerian Binance users transact business using fictitious namesMr Olubukola Akinwumi, a Deputy Director at the Central Bank of Nigeria (CBN), on Friday explained how Nigerians trading on Binance Holdings Limited’s platform use false names in the transactions.
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