Binance Launches First Fiat to Crypto Exchange in Uganda

binance exchange

Cryptocurrency exchange Binance has launched its fiat-crypto exchange in Uganda. The Binance Uganda Exchange was announced in June and will begin accepting Ugandan shillings (UGX) from the 17th of October.

The UGX will only be able to trade against Bitcoin (BTC) and Ethereum (ETH) initially, although the exchange has promised more trading pairs in the future. KYC procedures have already been enabled, according to a release.

Binance Uganda Exchange:

Binance Users are now able to complete full account verification in the User Center after logging in.

Deposits for Ugandan Shillings (UGX), BTC and ETH will open starting from 2018/10/17 10:00 AM Uganda Time (EAT).

Trading on Binance Uganda will open soon with BTC/UGX and ETH/UGX trading pairs. The start time for trading will be released in a later announcement

Note: Ugandan Shillilng (UGX) is the currency of Uganda.

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