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Binance, a leading crypto exchange, faced significant challenges in less than a year, following the FTX collapse. Despite this, its P2P platform remains popular in Nigeria. Crypto exchanges like Binance and Coinbase earn profits through trading fees, listings, and other services, highlighting the resilience of the crypto industry.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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