The expansion of Binance is continuing from a steady pace despite the bear market. After expanding to Liechtenstein in August now company has announced the beginning of its operations in Uganda. In a short blog post published 3 hours ago company said that it will open trading for BTC/UGX and ETH/UGX pairs on 24th of October. The deposits are already live, and those who want to get started on the first day itself can deposit their money from now on. Trading rules and fees are as follows:
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The fees on Binance Uganda will be as follows:
Recently company also partnered with Chainalysis to integrate a new fraud detection software with its systems. The company also conducted ‘live money beta testing’ of its Singapore Fiat Exchange on 18th of September, and made its first acquisition in the form of Trust Wallet. It’s also working on a decentralized exchange project. The launch of this Uganda exchange was first announced in June, and the company took almost 4 months to launch it. It will be worth seeing which other countries become the next expansion targets for the company.