FG Forces KuCoin To Deactivate P2P, Delists Naira On Platform

Amid clampdown on cryptocurrency platforms by the Nigerian government,  Another major cryptocurrency trade platform, KuCoin, has deactivated its peer-to-peer (P2P) function for Nigerian users and delisted Nigerian Naira from its platform.

Peer-to-peer function, popularly known as P2P, allows users, buyers and sellers to trade without third-party interference.

“Starting from 2024-05-15 08:00 (UTC), we will temporarily suspend all P2P Nigerian Naira (NGN) services and Fast Buy service via naira cards,” KuCoin announced in a press statement. It stated further that the KuCoin team is committed to resolving this matter swiftly and efficiently.