Coinbase has partnered with Onboard Global to facilitate cryptocurrency trading in Nigeria through a P2P exchange that allows purchases in Naira. Users can trade under $100 without ID verification, streamlining access for new traders. This collaboration also expands payment options and intends to extend services to over 50 additional countries by 2025.
Coinbase has established a partnership with Onboard Global to enhance cryptocurrency trading in Nigeria, facilitating transactions in Naira through a peer-to-peer (P2P) exchange. This collaboration simplifies access to digital asset purchases, making it more affordable for users. Notably, transactions below $100 will not require ID verification, thereby encouraging new users to engage in cryptocurrency trading without barriers.
Coinbase’s collaboration with Onboard Global marks a significant step in enhancing cryptocurrency access in Nigeria, particularly by lowering barriers to entry for new users. As the regulatory environment in Nigeria evolves, the partnership is well-positioned to capture the expanding demand for cryptocurrency while simultaneously mitigating regulatory risks. The expansion plans to reach additional markets underscore the growing potential of cryptocurrency across emerging economies.
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