Binance users in Ghana, Uganda, Zambia can now trade crypto assets via mobile money
- Binance expands its African services with a new feature that enables users in Ghana, Tanzania, Uganda, and Zambia to trade crypto assets using mobile money.
- The One Click Buy and Sell (OCBS) feature aims to make cryptocurrency more accessible to the unbanked and underbanked populations in Africa.
- Binance has reported a rise in crypto-to-crypto trading volumes and expects the African cryptocurrency market to reach $3.1 billion by 2024.
The expansion of Binance's services in Africa through the introduction of the One Click Buy and Sell feature is a strategic move to tap into the growing mobile money market in countries like Ghana, Tanzania, Uganda, and Zambia. By enabling users to trade crypto assets using mobile money, Binance aims to increase accessibility to digital assets for the unbanked and underbanked populations. The positive sentiment and reported rise in trading volumes indicate a potential for growth in the African cryptocurrency market.
