Binance Expands Crypto Services to Over 30 African Countries

Binance has expanded its cryptocurrency services to over 30 African countries, enabling users to purchase digital assets through fiat channels and peer-to-peer (P2P) trading as of October 28, 2025.

• Supports Mobile Money, bank transfers, and card payments in local currencies such as Kenyan shillings, West African CFA francs, Central African CFA francs, Ugandan shillings, and Tanzanian shillings.
• Integrated Wave for XOF transactions and South African rand deposits via bank transfer.

Payment Methods by Country

• Kenya and Ivory Coast: Use One Click Buy & Sell with Mobile Money for fee-free P2P trading on certain assets.
• Ghana: Card payment options and USD deposit/withdrawal support via BPay Global.
• South Africa: ZAR deposits via bank transfer and card payments, with local fiat accepted in P2P trading at zero fees for certain assets.

Economic Impact

• Focuses on fast alternative payment solutions, facilitating remittances without traditional banking fees.
• Aims to use digital assets for payments, inflation hedging, and investment diversification.
• All users must complete identity verification before accessing services.

This expansion occurs amid rising competition in Africa's crypto market, notably Ripple's custody partnership with Absa Bank. It follows a pardon of Binance founder Changpeng Zhao by President Trump, coinciding with potential new Binance listings.