The world’s largest cryptocurrency alternate is launching a brand new associates program in Africa after saying the termination of its Uganda-based service.

On Nov. 3, Binance formally announced the launch of the Binance Africa Affiliate Program, which goals to advertise Binance throughout the continent. In accordance with the alternate, the brand new program is open to influencers, crypto fans and content material creators throughout Nigeria, Ghana, Kenya, South Africa and Uganda.

A spokesperson for Binance instructed Cointelegraph that Binance’s providers in Africa embody a fiat on-ramp for customers from Nigeria, South Africa and Uganda. The alternate additionally gives peer-to-peer providers for customers from Kenya. 

The transfer follows Binance’s Oct. 27 announcement that it was shutting down its Uganda subsidiary. Binance Uganda is anticipated to be solely terminated as of Nov. 28, 2020, whereas the closure of buying and selling providers is scheduled for Nov. 11. The alternate has already closed deposits and new registrations on Oct. 28, the announcement reads.

Binance Uganda was a fiat-to-crypto platform launched by Binance in June 2018, permitting customers in Uganda to entry crypto with the Ugandan shilling, or UGX, and promote crypto adoption in Africa. Regardless of the platform’s suspension, native customers shall be nonetheless capable of deposit UGX by way of Binance’s important platform, the alternate’s consultant noted.

In September 2020, Binance delisted its native token Binance Coin (BNB) from Binance Uganda. Executives then defined that the BNB/UGX buying and selling pair didn’t meet the alternate’s buying and selling requirements.

Binance Uganda is the second native alternate subsidiary to shut within the final 30 days. On Oct. 19, Binance introduced the upcoming termination of Binance Jersey. The alternate didn’t specify the explanations for shutting down operations in Jersey, as an alternative stating that Binance.com “will proceed to supply providers to residents of Jersey by way of compliant banking channels.”

In accordance with Binance consultant, the 2 suspensions usually are not related, as “Binance Jersey and Binance Uganda are two impartial entities.” The spokesperson famous that the alternate will proceed to broaden globally to present extra localized services and products for native customers.