Nigerians in the Crypto space are anticipating a return of the Binance Peer to Peer (P2P) Feature on Binance following the release and discharge of Tigran Gambaryan a Binance Executive who was detained for over 7 months in the country.
The P2P feature was discontinued during the early days of the spat between Binance Limited and Nigerian authorities which lasted for several months and finally came to an end yesterday.
Most Nigerians who are active in the crypto space are anticipating a comeback of P2P on Binance to service the high demand for P2P services in Nigeria as various crypto holders in the country grapple with risky alternative measures.
Several Nigerians have seriously complained about getting scammed on the Bybit P2P platform which remains one of the only key alternatives after Binance discontinued its P2P feature.
Other Nigerians had to resort to dealing directly with crypto vendors on Telegram, a highly risky affair with zero middlemen involved. The anticipated return of Binance P2P would really mean a breath of fresh air for Nigerian crypto enthusiasts.
Reactions
The Nigerian media space was saturated with news about the release of Tigran Gambaryan yesterday after over 7 months in detention.
Nigerian authorities have finally dropped the charges of Money laundering and Tax evasion against Gambaryan while noting that he was a mere employee whose status has no significant impact on the issue.
The Nigerian crypto space reacted to his release anticipating a return of Binance P2P following the normalization of relations between Nigeria and Binance Ltd.
Many Nigerians took to their X handles to share their anticipation of the return of Binance P2P and how that can really impact the crypto space in the country.
Fantom a Nigerian crypto user tweeted on the possible return of Binance P2P gauging his community reaction to it and whether they will move back to Binance because of it.
“Now that the Binance issue with the Nigeria Government has been resolved. I think Binance will bring back NGN to their P2P soon! If that happens, Will you switch back to Binance or you’ll still stick to the one you’re using now?
Let me know in the comments section” Fantom tweeted
Julius Elum, a recognized voice in the Nigerian crypto space believes Binance P2P will return following the release of Tigran Gambaryan.
“ I think Binance P2P might be back soon” Julius tweeted
Other Nigerians reacted to the tweets with excitement while citing how bad the alternatives have been so far since Binance Discontinued its P2P service.
A Nigeria user in response to one of the above tweets tweeted that one of the key alternatives to Binance, BYBIT is of low quality so Binance’s expected P2P return is a welcome development.
“ Bybit is nonsense so Binance it is” The User tweeted.
There has not been an official statement from Binance as regards the issue of P2P making a comeback in the Nigerian version of its platform.