October 24th, Binance, the world biggest cryptocurrency exchange in terms of trade volume has launched its crypto-fiat exchange in Uganda, according to official announced on Medium.
Users would be enabled to buy Bitcoin and Ethereum, the two biggest cryptocurrencies in the world, with Ugandan shillings through the company’s trading platform.
The company stated that Binance Uganda would be open for trading this week. Binance Uganda would be a stepping stone for the company in creating cryptocurrency exchange markets with fiat currencies.
Binance Uganda would provide its users zero trading fees until 24th November, as per the announcement made on October 22nd. After this period, the company will charge its users a trading fee of 0.1percent.
Binance with the help of its charity foundation, Blockchain Charity Foundation (BCF) would donate $500k for Uganda.