OKX, a prominent cryptocurrency exchange, has announced that it will cease operations in Nigeria due to regulatory concerns. The decision to exit the Nigerian market was made in response to unfavorable local regulations that have made it challenging for the exchange to continue its operations in the country. This move comes as a significant blow to Nigerian cryptocurrency users who have relied on OKX for trading and investment opportunities.
As part of the exit strategy, OKX has set a deadline for users in Nigeria to close their positions and withdraw their funds. Users have until August 16, 2024, to complete these actions before the exchange officially stops its services in the country. This deadline provides users with a window of time to take the necessary steps to safeguard their assets and transition to alternative trading platforms.
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