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Cryptocurrency: Coinbase partners with Onboard Global to provide services in Nigeria

27/02/2025
Source : ORISHAS FINANCE
Categories: Economy/Forex

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Coinbase and Onboard Global are teaming up to allow Nigerian users to buy and sell cryptocurrencies.

The collaboration between Coinbase and Onboard Global comes a year after Binance's regulatory crackdown in Nigeria, which opened the market to alternative exchanges. Onboard Global, backed by Nestcoin, partners with payment providers such as Onramper and Yellow Card, allowing users to buy cryptocurrencies through bank transfers or

P2P merchants.

En réalité, Coinbase did not offer cryptocurrency exchanges in Nigeria due to problems with regulatory, but thanks to Onboard, which provides verification services and a secure peer-to-peer (P2P) platform, Coinbase style="font-family: "Bookman Old Style”, serif"> can operate while limiting its exposure to compliance risks& acute;. Its entry into Nigeria highlights the changing regulatory landscape for cryptocurrency in Africa. After Binance's regulatory challenges, alternative platforms are finding ways to operate through strategic partnerships. This partnership reflects the growing interest of institutions in the digital asset space in Africa.

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