Well, I don’t know how best to say this but I think several other exchanges have been taken down since after the clampdown on binance and coin base being a target isn’t a strange news to me but the trust his that, even after all these news and actions by the government, the dollar rate still haven’t dropped down below 1000/$ which is a clear sign that the governments are fighting the wrong battle.
From my personal view, I think one of the major reasons for the incredible increase and rise in the price of naira to dollar is the over supply of dollar and the shortage of naira in the country and I was listening to one of the sittings of the senate house when senator Ned Nwoko ( don’t know if I got the name right) but the man made a very clear point that our boarders should be tightened and every immigrant and tourist shouldn’t be allowed to spend dollar in the country but naira and every importation and exportation should be fine with naira and I think I agreed with him that, this bus one way to combat the rising rate.
Topic: Is Coinbase the Next Target after Binance For Nigerians (Read 147 times)
Nigerian government accused Binance of inflating the dollar in the exchange market and that caused the disagreement between the two and the arrest of two staff of Binance and we were thinking that the price of dollar would drastically come down to the lowest but irony caught us up. The Nigerian Naira is on the devaluation and the dollar is on the rise again and that is to tell us that Binance has nothing to do with the country currency but it is this own economic policy that is affecting the dollar rise.
Nigerian government have to know that they are core cause of the whole thing and not to accuse others. And for the Coinbase issue. If the network is congested then it is from the exchange and not Nigerians, this also happened in Solana network last week. So it is normal now in the cryptocurrency ecosystem networks.
Nigerian government have to know that they are core cause of the whole thing and not to accuse others. And for the Coinbase issue. If the network is congested then it is from the exchange and not Nigerians, this also happened in Solana network last week. So it is normal now in the cryptocurrency ecosystem networks.
This is as a glench of the high increase of bitcoin adoptions globally with the massive increments in the crypto spheres which has also attracted lot of Investors to the industry.
Behold, Coinbase wallet as being one of the best recommendable crytpto storage platform for bitcoin and other crypto Investors who're just beginners in the industry has surged such high increase in using the Coinbase to store buy, accumulates, stores and hodling of their bitcoins and the AltCoins therein. We should understand why Coinbase is best recommended for such beginners is to keep their assets secure dur to the fact that it's a self-custodial wallet that even Coinbase as a platform is not access accessible to the assets owners funds. For this main security factors, newly Investors has got to adopt the platform as being recommended for them.
That's just the secret behind the massive increase of individuals using the Coinbase wallet at now.
Behold, Coinbase wallet as being one of the best recommendable crytpto storage platform for bitcoin and other crypto Investors who're just beginners in the industry has surged such high increase in using the Coinbase to store buy, accumulates, stores and hodling of their bitcoins and the AltCoins therein. We should understand why Coinbase is best recommended for such beginners is to keep their assets secure dur to the fact that it's a self-custodial wallet that even Coinbase as a platform is not access accessible to the assets owners funds. For this main security factors, newly Investors has got to adopt the platform as being recommended for them.
That's just the secret behind the massive increase of individuals using the Coinbase wallet at now.
Before i could say anything, maybe you should first hear out what the Coinbase Boss have to say
https://twitter.com/BTC_Archive/status/1762902467149238493?t=QX6b1x5RQozwEr5ZcnqPig&s=19
I don't know what others are perceiving already about the recent clampdown of the Nigerian government on the use of Binance Exchange as they resulted to the cause of rise ion the USD value is due to the eminent presence of the global centralized exchange called Binance.
Coinbase has made a release on the recent challenges they experience on their platform as a result of over traffic, which means they are receiving a lot of users clogging up their network of recent, could this be that the ban on the use of p2p in Nigeria erupted the decision to many of them in deciding to make use of Coinbase for their trading or something else happened behind the sudden network congestion received by Coinbase.
https://twitter.com/BTC_Archive/status/1762902467149238493?t=QX6b1x5RQozwEr5ZcnqPig&s=19
I don't know what others are perceiving already about the recent clampdown of the Nigerian government on the use of Binance Exchange as they resulted to the cause of rise ion the USD value is due to the eminent presence of the global centralized exchange called Binance.
Coinbase has made a release on the recent challenges they experience on their platform as a result of over traffic, which means they are receiving a lot of users clogging up their network of recent, could this be that the ban on the use of p2p in Nigeria erupted the decision to many of them in deciding to make use of Coinbase for their trading or something else happened behind the sudden network congestion received by Coinbase.
Anything wey Nigeria government like make den do, I believe this will never change Nigerians from investing in cryptocurrency. This has been the means of surviving for some Nigeria, I believe no matter what government do, their will always be a way forward.
Before i could say anything, maybe you should first hear out what the Coinbase Boss have to say
https://twitter.com/BTC_Archive/status/1762902467149238493?t=QX6b1x5RQozwEr5ZcnqPig&s=19
I don't know what others are perceiving already about the recent clampdown of the Nigerian government on the use of Binance Exchange as they resulted to the cause of rise ion the USD value is due to the eminent presence of the global centralized exchange called Binance.
Coinbase has made a release on the recent challenges they experience on their platform as a result of over traffic, which means they are receiving a lot of users clogging up their network of recent, could this be that the ban on the use of p2p in Nigeria erupted the decision to many of them in deciding to make use of Coinbase for their trading or something else happened behind the sudden network congestion received by Coinbase.
Coinbase is a well-established and reputable cryptocurrency exchange, and it has a presence in Nigeria. However, it's worth noting that Binance is still the largest cryptocurrency exchange in the world, and it's unclear whether Coinbase can really compete with it in terms of market share. Additionally, Binance has a lot of features that make it attractive to Nigerian users, such as low fees and a wide range of coins. So, while Coinbase may have some advantages, it's hard to say for sure whether it will be able to overtake Binancehttps://twitter.com/BTC_Archive/status/1762902467149238493?t=QX6b1x5RQozwEr5ZcnqPig&s=19
I don't know what others are perceiving already about the recent clampdown of the Nigerian government on the use of Binance Exchange as they resulted to the cause of rise ion the USD value is due to the eminent presence of the global centralized exchange called Binance.
Coinbase has made a release on the recent challenges they experience on their platform as a result of over traffic, which means they are receiving a lot of users clogging up their network of recent, could this be that the ban on the use of p2p in Nigeria erupted the decision to many of them in deciding to make use of Coinbase for their trading or something else happened behind the sudden network congestion received by Coinbase.
Coinbase has made a release on the recent challenges they experience on their platform as a result of over traffic, which means they are receiving a lot of users clogging up their network of recent, could this be that the ban on the use of p2p in Nigeria erupted the decision to many of them in deciding to make use of Coinbase for their trading or something else happened behind the sudden network congestion received by Coinbase.
Coinbase should be happy seeing that people want to switch to thee platform, becauyit will make them alot of money. All what they need now is sever upgrade so as the network would be accormodating to every new user. And I don't think FG will go fars as Coinbase to track Nigerians down. If binance is too soft for them , Coinbase may never be such weak to them. Though it is just an absumbtion. 
If Nigerian government like let them continue hunting down mote exchanges it wouldn't be our business because there are many exchanges that are ready to accommodate us, so I have nothing to worry about, they government of Nigeria feels that as they are not a fans of innovations that everyone will be so outdated as they are, but the truth is we won't because we have seen road and we are ready for more technologies to take over so that we will partake in it, I have already mad my choice after losing some amount of funds in kucoin.
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Coinbase has made a release on the recent challenges they experience on their platform as a result of over traffic, which means they are receiving a lot of users clogging up their network of recent, could this be that the ban on the use of p2p in Nigeria erupted the decision to many of them in deciding to make use of Coinbase for their trading or something else happened behind the sudden network congestion received by Coinbase.
Coinbase has the ability to track users IPs to know if the real cause of their traffic is Nigerians crypto enthusiast who are clinging to the exchange to carry out P2P since the NGN/USDT pair has been removed from Binance P2P. I think they have not been able to actually get the direct source for the traffic. With their ability to track users IPs, they can tell which region is generating more traffic than the other, unless they don't want to mention Nigeria, if they really are the cause.
I don't really think that was the case, base on the CEO statement :
Nigerians have other options already, they were using Bybit, Kucoin, Okx and some others but this three are currently the top three alternative for us, the stress involves in getting verified in coinbase is much in comparison to others and that is among the main reason Binance had more Nigerian customers than Coinbase even when they became known roughly the same time in Nigeria
Coinbase CEO Brian Armstrong attributed the outage to a "large surge of traffic" overwhelming the exchange's infrastructure. The sudden influx of users attempting to buy, sell, or trade Bitcoin overwhelmed Coinbase's servers, leading to connectivity issues for many customers.
"We are aware that some users may see a zero balance across their Coinbase accounts & may experience errors in buying or selling," Coinbase stated. "Our team is investigating this & will provide an update shortly. Your assets are safe."
"We are aware that some users may see a zero balance across their Coinbase accounts & may experience errors in buying or selling," Coinbase stated. "Our team is investigating this & will provide an update shortly. Your assets are safe."
Nigerians have other options already, they were using Bybit, Kucoin, Okx and some others but this three are currently the top three alternative for us, the stress involves in getting verified in coinbase is much in comparison to others and that is among the main reason Binance had more Nigerian customers than Coinbase even when they became known roughly the same time in Nigeria
Before i could say anything, maybe you should first hear out what the Coinbase Boss have to say
https://twitter.com/BTC_Archive/status/1762902467149238493?t=QX6b1x5RQozwEr5ZcnqPig&s=19
I don't know what others are perceiving already about the recent clampdown of the Nigerian government on the use of Binance Exchange as they resulted to the cause of rise ion the USD value is due to the eminent presence of the global centralized exchange called Binance.
Coinbase has made a release on the recent challenges they experience on their platform as a result of over traffic, which means they are receiving a lot of users clogging up their network of recent, could this be that the ban on the use of p2p in Nigeria erupted the decision to many of them in deciding to make use of Coinbase for their trading or something else happened behind the sudden network congestion received by Coinbase.
https://twitter.com/BTC_Archive/status/1762902467149238493?t=QX6b1x5RQozwEr5ZcnqPig&s=19
I don't know what others are perceiving already about the recent clampdown of the Nigerian government on the use of Binance Exchange as they resulted to the cause of rise ion the USD value is due to the eminent presence of the global centralized exchange called Binance.
Coinbase has made a release on the recent challenges they experience on their platform as a result of over traffic, which means they are receiving a lot of users clogging up their network of recent, could this be that the ban on the use of p2p in Nigeria erupted the decision to many of them in deciding to make use of Coinbase for their trading or something else happened behind the sudden network congestion received by Coinbase.
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