🚀 Microstrategy's Bold Move: Preferred Stock Offering to Boost Bitcoin Acquisitions

💰 Microstrategy Inc. (Nasdaq: MSTR) has announced its intention to issue 2,500,000 shares of Series A Perpetual Strike Preferred Stock through a public offering. This move comes after the company's recent $1.1 billion bitcoin purchase, which increased its total holdings to 471,107 BTC at an average price of $64,511 per bitcoin. The proceeds from the stock offering will be used for general corporate purposes, including bitcoin acquisitions.

📅 The preferred stock will have a liquidation preference of $100 per share and will accrue fixed-rate dividends starting March 31, 2025. Shareholders can convert their shares into class A common stock under certain conditions, while Microstrategy retains the right to redeem the stock in specific situations. The offering is being managed by several financial institutions, including Barclays and Moelis & Company LLC.

📈 This announcement follows Microstrategy's recent acquisition of 10,107 bitcoins, funded by selling 2.76 million shares of class A common stock. Additionally, the company has revealed its ambitious "21/21 Plan" to raise $42 billion over three years for further BTC purchases. This plan aligns with executive chairman Michael Saylor’s vision of bitcoin as a store of value and a hedge against inflation. Saylor has projected that bitcoin could reach $13 million by 2045.

⚠️ Arthur Hayes Predicts Bitcoin Correction Before 2025 Rally

📉 Arthur Hayes, former CEO of Bitmex, warns of a significant bitcoin correction before a potential rally in 2025. In his recent essay, The Ugly, he draws parallels to late 2021, suggesting that the current crypto market shows similar signs before a downturn.

History doesn’t repeat itself, but it does rhyme

he notes, predicting a drop to $70,000 to $75,000 before rising to $250,000 by year-end.

💰 Hayes attributes this anticipated decline to tightening global liquidity as central banks in the U.S., China, and Japan reduce money creation. While he maintains a long-term bullish outlook, he emphasizes the need for a correction before the next upward movement.

We are still bigly net long, but if my feeling is correct, then we will be positioned with copious amounts of dry powder ready to buy the dip on bitcoin

he stated regarding his fund's defensive strategy.

⚠️ He cautions that if a pullback occurs, it could be severe due to high market optimism:

A pullback of this magnitude would be ugly because the current level of bullishness is so high

Hayes also highlights bitcoin's complex relationship with traditional financial markets, noting its short-term sensitivity to macroeconomic conditions despite its long-term uncorrelation with stock prices.

📊 Drawing from over a decade of trading experience, Hayes explains his expectation for a significant correction:

These types of pullbacks occur often throughout the bull market, given how volatile bitcoin is

He believes that once financial stress prompts the U.S. Federal Reserve to adopt a looser monetary policy, crypto markets will surge again. Until then, he advises patience and strategic positioning. Despite recent market panic over China's Deepseek AI breakthrough indicating investor skepticism, Hayes remains confident that bitcoin will eventually reach new highs if traders can endure the anticipated turbulence.

🔄 SEC's New Directive: Formal Probes Now Require Prior Approval

🔍 The U.S. Securities and Exchange Commission (SEC) is reportedly altering its approach to managing formal investigations. According to Reuters, SEC attorneys are now required to obtain prior approval from the commission as a whole before proceeding with formal probes. This marks a shift from previous practices where such approval was not mandatory.

⏳ This change could potentially delay the initiation of legal investigations, as attorneys must seek permission beforehand. Previously, this responsibility was handled by mid-level officials. However, it remains unclear whether there has been an official vote to implement these new procedures or if they were simply adopted without formalities.

💼 Despite these changes, attorneys are still permitted to conduct informal inquiries in certain cases. The new rules apply only to formal procedures, such as subpoenaing documents and sources.

🌐 This shift in procedure comes as the SEC adopts a more crypto-friendly stance. The agency recently repealed the Staff Account Bulletin 121 (SAB 121), allowing traditional financial institutions to offer crypto custody services. Insiders had anticipated these modifications, suggesting that the commission would consider dropping several high-profile crypto cases while maintaining a strict approach to crypto fraud.

🗓 The SEC is currently led by Mark T. Uyeda, who was appointed as acting chairman by President Donald Trump on January 21. Uyeda, a pro-crypto commissioner who has been with the agency since 2022, may be influencing this policy shift. Trump has previously criticized government inefficiencies and excessive spending, as well as the pursuit of crypto companies.

🚫 Uyeda has voiced his opposition to the SEC's previous stance on crypto assets, particularly the "regulation by enforcement" approach taken by former SEC Chair Gary Gensler. Gensler often described crypto markets as the "Wild West."

How Much Are Crypto Exchanges Really Worth?

The valuation of cryptocurrency exchanges like Binance, Kraken, and others is gaining attention in global media. A new approach has been introduced to estimate their market worth—not just based on trading volumes but through a broader set of key metrics.

This method considers six important factors:

🔍 Transparency – How openly exchanges share information about their operations.
📊 Activity – User engagement and trading volumes.
💰 Capital – Financial strength and available reserves.
🛡 Security – Measures in place to protect users and funds.
✅ Compliance – Adherence to regulatory standards.
📈 Proof of Reserves – Verification of solvency and financial backing.

By analyzing these elements, the formula offers a structured way to assess exchanges beyond surface-level figures. While not a definitive valuation model, it provides useful insights into how different platforms operate and manage risks in the crypto space.

Read more in the article 👉 https://coincodex.com/article/58281/unveiling-the-metrics-understanding-the-market-value-of-leading-crypto-exchanges/

⚖️ Law Firms Demand Removal of Tokens from Pump for IP Violations

📜 Burwick Law and Wolf Popper LLP have sent a cease-and-desist letter to Pump, urging the immediate removal of certain tokens on the Solana-based platform that allegedly infringe on their intellectual property and misrepresent their employees. The firms highlighted one particular token that inaccurately links them to a cryptocurrency with which they have no connection.

⚠️ The law firms stressed that neither Burwick Law nor Wolf Popper LLP has issued any meme coins or blockchain assets. They warned that continued use of their names could result in swift legal action. Additionally, Burwick Law accused Pump of enabling tokens intended to intimidate plaintiffs in an ongoing federal securities violation case.

Our firms will continue to work with appropriate governmental authorities to hold responsible parties accountable,

the firms stated in a social media post.

🛑 Burwick Law also claimed that Pump has the ability to remove the contested tokens but has refused to do so. They cautioned that the platform's inaction poses legal and financial risks for investors. They specifically pointed out one meme coin as being promoted in a high-risk pump-and-dump scheme, advising investors to be cautious.

📂 This situation follows a class-action lawsuit filed against Pump in the Southern District of New York. The lawsuit, led by plaintiff Diego Aguilar, accuses Pump and its operators of violating federal securities laws by issuing and selling unregistered securities in the form of meme coins.

🌐 Hong Kong Embraces Cryptocurrency for Investor Immigration

🗓 Hong Kong has made a significant move by accepting cryptocurrency as proof of assets for investor immigration. This decision was highlighted when an accountant, Xiao Yaohe, confirmed that on February 7, a client successfully used crypto valued at HK$30 million (approximately $3.8 million) to apply for investment immigration. This marked the second instance in which the region recognized cryptocurrency for this purpose; the first was in October 2024 when another client utilized bitcoin as proof.

For the first time, the Hong Kong government recognizes bitcoin and ethereum as proof of assets for investment immigration applications.

said Wu, a journalist who reported on the matter.

📜 Xiao further elaborated,

A report signed by me was issued, using 'ethereum' as proof of HK$30 million in assets to apply to Invest Hong Kong, and it has been approved.

Invest Hong Kong is a government agency that facilitates foreign investment and supports individuals applying for residency through investment under the New Capital Investment Entrant Scheme (New CIES).

💰 To qualify for investment immigration, individuals must demonstrate ownership of HK$30 million in assets. Once approved, they are required to invest this amount within six months in eligible assets. Traditionally, these investments have been in stocks and bonds. However, it remains unclear whether investments in cryptocurrency exchange-traded funds (ETFs) or direct cryptocurrency holdings will be accepted.

🔍 Xiao noted that when the first cryptocurrency-based application was submitted, the Hong Kong Investment Promotion Agency acknowledged it had never encountered such a case before. After a month-long internal review, the application was approved. Currently, two more individuals are in the process of applying using cryptocurrency as proof of assets. The agency has stipulated that applicants' digital assets must be stored in cold wallets or on major exchanges like Binance.

💰 KULR Technology Expands Bitcoin Holdings with $10 Million Investment

📈 KULR Technology Group Inc. has announced a significant expansion of its Bitcoin holdings, acquiring an additional $10 million worth, which brings its total to approximately $60 million. This latest investment, made at a weighted average price of $103,905 per bitcoin, aligns with the company's Bitcoin Treasury Strategy first introduced on December 4, 2024. The strategy commits up to 90% of its surplus cash reserves to be held in bitcoin.

This strategic move aligns with KULR’s Bitcoin Treasury Strategy announced on December 4, 2024, wherein the Company committed up to 90% of its surplus cash reserves to be held in bitcoin.

📊 KULR has reported a BTC Yield of 167.3% year-to-date, indicating a strong performance in its bitcoin investments. The company funds these acquisitions through a mix of surplus cash and its At-The-Market (ATM) equity program.

🌍 KULR joins a growing trend of companies integrating bitcoin into their corporate treasuries. Microstrategy, now rebranded as Strategy, leads this movement with 478,740 BTC valued at around $31.1 billion. Metaplanet, a Japanese firm, has also increased its holdings to 1,762 BTC with plans to reach 21,000 BTC by 2026. In the United States, several states are exploring legislation to establish strategic bitcoin reserves as a hedge against inflation and economic uncertainty.

👾 SEED Ambassador Program – Lead the Way & Earn SEED Mon NFT Boxes!

We see SEED Verse as a world where our Ambassadors are the pioneers, shaping the future of our growing community. Now, we’re calling on influential individuals to lead SEED’s viral expansion.

SEED Ambassador Program empowers you to spread the word, drive engagement, and earn rewards. By completing key activities, you’ll help SEED thrive while unlocking exclusive perks.

💯 First-Come, First-Served – The Early Bird Gets the Worm. The first batch of ambassadors will score SEED Mon NFT Boxes!

How to Apply:
✅ Step 1: Fill in the Application Form.
✅ Step 2: Publish a promotional post about SEED Mon NFT & SEED Go and include hashtags $SEED #SEED #SEEDCombinator #seedapp #SEEDMON.
✅ Step 3: Submit your post link in the Content Tracker form.

😮 Spots are limited, apply now & let’s make waves together!

AMBASSADOR FULL GUIDELINE

🚨 USDT Issuer Tether Announces ‘Strategic’ Investment In Juventus 📢

Tether Investments has acquired a minority stake in the Juventus football club as it looks to integrate its futuristic portfolio into sports.

👉 Read more

💰 Binance Settlement Drives Record Criminal Recoveries for U.S. Attorney’s Office

📈 The U.S. Attorney’s Office for the Western District of Washington announced a historic achievement on February 12, reporting criminal recoveries of $1.5 billion for Fiscal Year 2024. This milestone was significantly bolstered by a settlement with Binance, the world's largest cryptocurrency exchange. The office, which operates under the Department of Justice (DOJ), stated,

Criminal payment by crypto exchange Binance for failing to have money laundering protections boosts collections to new record.

⚖️ Binance pleaded guilty to several violations, including failing to register as a money-transmitting business and willfully violating the Bank Secrecy Act. The settlement was part of a larger agreement involving $4.3 billion in criminal fines and forfeitures, marking one of the most significant enforcement actions against a cryptocurrency company. U.S. Attorney Tessa M. Gorman emphasized the importance of this settlement, stating,

That $1.5 billion coming through our office, is part of the $4.3 billion criminal fine and forfeiture. It is a record in the Western District of Washington.

🔍 This case highlighted ongoing concerns regarding Binance's compliance with U.S. financial regulations and represented a pivotal moment in federal efforts to hold cryptocurrency firms accountable for regulatory breaches. While the majority of the recoveries were attributed to Binance's settlement, the DOJ also secured funds from other financial crimes, including tax fraud cases and asset forfeitures.

⏳ In a related development, the U.S. Securities and Exchange Commission (SEC) and Binance have requested a 60-day pause in their ongoing legal dispute. This request is due to the potential impact of the SEC's newly formed crypto task force, which aims to foster a more crypto-friendly regulatory environment. This shift comes under the leadership of SEC Acting Chairman Mark Uyeda, who initiated the task force to enhance the agency's relationship with the cryptocurrency industry. The SEC had previously accused Binance of violating U.S. securities laws, and this pause may indicate a shift in the SEC's approach towards crypto exchanges, possibly leading to dismissing lawsuits or reaching favorable settlements for defendants.

🆘 Elon Musk Sounds Alarm on America's Financial Crisis

🚨 Elon Musk warns that the United States is nearing a financial collapse due to excessive government spending. He emphasizes the urgent need for reforms to prevent uncontrolled spending from leading the nation to ruin. The Department of Government Efficiency (DOGE), which Musk actively supports, is seeking public assistance to reduce waste and fraud in government spending.

📅 On February 17, DOGE announced on social media:

DOGE is looking for help from the general public! Please DM insight for reducing waste, fraud, and abuse...

Musk urged the public to report government waste, stating:

Please DM the DOGE handles to report government waste and fraud.

👥 DOGE was established by President Donald Trump and is led by Musk. Its goal is to cut federal spending by up to $2 trillion by July 4, 2026. Although it is not a Cabinet-level department, it operates within the Executive Office of the President. Since its creation, DOGE has conducted audits, streamlined bureaucracy, and promoted transparency in federal agencies. Musk remarked:

DOGE is now a real part of the government and accomplishing a lot!

⚠️ On the same day, Musk issued a stark warning about government spending:

America is going BANKRUPT from EXTREME levels of government spending. Either radical action is taken or we’re toast.

Earlier, on February 13, he had cautioned about a potential financial collapse, stating:

Failure to address this will absolutely bankrupt America!

This comment was in response to a post highlighting that U.S. national debt interest payments had reached a record $1.17 trillion in the past year, doubling in just four years. The post noted that the government now spends more on interest than on national defense, crediting Musk and DOGE for their efforts in addressing the crisis.

📈 The initiative continues to gain traction, with DOGE and its affiliates pushing for further public engagement to curb government waste and inefficiency.

⚖️ SEC Pauses Lawsuits: A Shift in Crypto Regulation?

🚀 The U.S. Securities and Exchange Commission (SEC) is pausing lawsuits against major cryptocurrency exchanges like Binance and Coinbase, raising questions about the future of its case against Ripple. Fox Business journalist Eleanor Terrett reported that the SEC is prioritizing cases with imminent court deadlines, which may explain the lack of pause requests in the Ripple and Kraken cases.

📅 Ripple's next court deadline is set for April 16, while Kraken's is on March 31. The SEC has postponed the Binance case until April 14 and Lejilex until April 11. Additionally, the SEC and Coinbase have agreed to extend the deadline for the agency's response to Coinbase's request for an interlocutory appeal until March 14.

🔄 Some analysts suggest that the SEC may be preparing for a leadership transition as President Donald Trump’s nominee for SEC chair, Paul Atkins, moves closer to confirmation. Terrett speculated that SEC leadership might be anticipating Atkins' confirmation around the same time as these deadlines.

⏳ Recently, the SEC agreed to pause its lawsuit against Binance for 60 days following a joint request that cited the potential impact of a newly formed SEC crypto task force. This task force, led by Commissioner Hester Peirce, aims to create a clearer regulatory framework for cryptocurrencies. The pause indicates a shift towards a more crypto-friendly stance under Trump's administration.

📜 The SEC has also paused its lawsuit against Coinbase, allowing the company to appeal a previous ruling that denied its motion to dismiss the SEC’s lawsuit. Terrett noted that during this interim period, the crypto task force, Congress, and the Presidential Working Group on Digital Assets are likely working to address the regulatory gaps that led to these lawsuits.

📝 In January, President Trump signed an executive order establishing the Presidential Working Group on Digital Asset Markets to develop a federal regulatory framework for digital assets. This initiative, chaired by White House AI and Crypto Czar David Sacks, includes key figures such as the Treasury Secretary and the SEC Chair. These actions highlight the administration’s commitment to positioning the U.S. as a leader in the digital asset economy.

🪙 Bitcoin's Current Market Status and Future Predictions

📉 Bitcoin is currently trading at $95,700 with a market capitalization of $1.89 trillion and a 24-hour trading volume of $13.51 billion. The price has fluctuated between $94,805 and $96,684, indicating a consolidation phase amidst mixed technical signals.

📊 The daily chart shows that Bitcoin previously peaked at $109,356 before pulling back to around $89,164 and then consolidating near $96,000. The $89,000 to $91,000 range is a key support zone, while resistance is strong near $109,000. A declining volume trend during the pullback suggests potential exhaustion of selling pressure. If Bitcoin can reclaim $98,500 with strong volume, there is a possibility of an upside move towards the $104,000 to $109,000 range. However, if it fails to hold above current levels, prices could drop towards the $89,000 region.

🔍 On the four-hour chart, Bitcoin attempted a recovery after a drop to $93,340, rallying to $99,508 before retreating towards $96,000. Resistance is firm at $98,000 and $99,500, while support is seen near $93,000 and $94,000. A retest of the $94,000 to $95,000 zone may provide a long opportunity targeting $98,000. Conversely, a breakdown below $93,000 could lead to further downside towards $90,000 to $91,000.

📉 The one-hour chart highlights short-term weakness as Bitcoin fell sharply from $99,508 to $94,805 before stabilizing. Resistance is evident at $96,500 and $98,000, while immediate support lies between $94,000 and $95,000. Traders may look for dip-buying opportunities around $94,500 to $95,000 with tight stop-loss levels. A failure to reclaim $96,500 could lead to renewed selling pressure targeting the $94,500 region.

📈 The daily chart’s oscillators provide neutral to mixed signals, with the relative strength index (RSI) at 44, Stochastic at 45, and the commodity channel index (CCI) at -100. The momentum indicator at -932 and the moving average convergence divergence (MACD) level at -848 both signal upbeat conditions.

📉 Moving averages indicate a bearish trend on lower timeframes, with the 10-period exponential moving average (EMA) at $96,599 and the simple moving average (SMA) at $96,601 signaling gloomy conditions. The 20-period and 30-period moving averages also remain in depressed territory, while the 100-period and 200-period MAs suggest longer-term bullish potential.

🔮 Bitcoin’s immediate price trajectory depends on whether it can reclaim resistance levels or if selling pressure resumes. A decisive break above $98,500 could pave the way for a move toward $100,000 to $104,000, while a drop below $94,000 may increase downside risks toward $89,000. Traders should watch volume levels closely to confirm the next significant move.

📈 Bull Verdict: Despite short-term resistance, Bitcoin’s ability to hold above key support levels, combined with buy signals from the moving average convergence divergence (MACD) and momentum indicators, suggests a potential breakout. If Bitcoin reclaims $98,500 with strong volume, it could trigger a rally toward $104,000 to $109,000.

📉 Bear Verdict: The dominance of sell signals across multiple moving averages, coupled with Bitcoin’s failure to sustain higher levels, points to continued downside pressure. If Bitcoin drops below $94,000 and breaks key support at $93,000, it could accelerate losses toward $89,000.

🇮🇳 Bybit Resumes Operations in India After Regulatory Challenges

🔄Cryptocurrency exchange Bybit has officially resumed its services in India after overcoming regulatory hurdles and a recent security breach. The platform announced on February 25 that existing users can now access all trading products and open new trades, while the onboarding of new users will gradually resume the same day.

We are thrilled to share some great news with our Indian users. Bybit is officially registered with the Indian authorities,

the exchange stated.

🛑 This announcement comes after a period of regulatory challenges for Bybit in India. In January 2025, the exchange suspended its services due to compliance issues related to operating without proper registration under the Prevention of Money Laundering Act (PMLA). The Financial Intelligence Unit (FIU) of India imposed a fine of approximately $1.06 million on Bybit for these violations. The exchange has since paid the fine and completed its registration with the FIU.

🔒 Additionally, Bybit faced a security breach in February when hackers stole ethereum from one of its wallets. Despite this incident, the company assured users that their funds remain secure and fully backed.

We sincerely thank you for your patience and understanding during this brief disruption. As always, we remain committed to providing a secure and compliant trading experience for our users,

Bybit expressed regarding the service resumption in India.

🌍 Bybit’s return to full functionality in India signifies a renewed focus on compliance and regulatory adherence as it continues to expand its global footprint.

💰 Robert Kiyosaki's Views on Bitcoin and the U.S. Financial System

🗣 Robert Kiyosaki, the author of Rich Dad Poor Dad, recently expressed his controversial opinions on bitcoin and the U.S. banking system through a post on social media platform X. He stated,

Is bitcoin a scam? It might be… But not as big a scam as the U.S. dollar and the U.S. banking system.

This statement highlights his ongoing skepticism towards traditional financial institutions and his belief that fiat currency is losing value due to economic mismanagement and inflation.

💎 Despite his doubts about bitcoin, Kiyosaki has consistently advocated for its purchase as a safeguard against economic instability. He encourages his followers to invest in bitcoin, gold, and silver to protect their wealth. This aligns with his broader philosophy of financial independence and avoiding reliance on traditional banking systems. He argues that digital assets and precious metals are safer alternatives to fiat currencies which he believes are being devalued by government policies.

⚠️ Kiyosaki has also been vocal about his concerns regarding an impending market and economic collapse. He frequently cites factors such as excessive money printing, rising debt, and banking instability as reasons for his predictions of financial turmoil. In his recent post, he warned,

I predict a collapse of our financial system. Please protect yourself from the banksters. Buy real gold, silver, and bitcoin. No gold, silver or bitcoin ETFs… which are banksters’ money.

This reinforces his belief that financial institutions manipulate markets and that traditional financial instruments like exchange-traded funds (ETFs) do not provide real ownership of assets.

📈 Kiyosaki's statements and investment advice resonate with many who share his distrust of mainstream financial systems. His consistent messaging about economic instability and the importance of alternative asset investments has established him as a prominent voice in the financial education space.

🇫🇷 France's Stance on Seizing Russian Assets for Ukraine Aid

🚫 France is firmly against the idea of seizing frozen Russian assets to provide military aid to Ukraine. The French government warns that such actions would violate international law, destabilize the eurozone, and set dangerous economic precedents. French Finance Minister Eric Lombard emphasized this position, stating that these assets belong to the Russian Central Bank and that confiscation would contradict agreements signed by France and the European Union.

💰 The debate centers around over 200 billion euros in frozen Russian assets, which has gained urgency due to tensions between U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskyy leading to a suspension of U.S. military aid to Ukraine. While Britain advocates for outright seizure of these assets, French officials caution against this approach. Minister Delegate for Europe Benjamin Haddad pointed out the legal and economic precedents that such actions could set.

⚠️ French Foreign Minister Jean-Noël Barrot warned that confiscating these assets could pose significant financial risks to the eurozone and the European Central Bank. President Emmanuel Macron reiterated this stance during a meeting with Trump, stating that while the proceeds from frozen assets can be utilized, the assets themselves cannot be seized without violating international law.

🤝 France has suggested that confiscation might be considered if Russia violates a ceasefire agreement; however, the European Union remains divided on this issue. Kremlin spokesman Dmitry Peskov warned that any attempt to confiscate Russian assets would lead to retaliation from Russia, adding another layer of complexity to the ongoing discussions among European nations regarding support for Ukraine.

🪙 Trump's Executive Order: Establishing a Bitcoin Reserve and Crypto Stockpile

📜 On March 6, U.S. President Donald Trump signed an executive order to create a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile. This initiative aims to enhance the management of digital assets, particularly those forfeited through criminal or civil proceedings. The White House clarified that the Strategic Bitcoin Reserve will be funded with bitcoin owned by the Department of Treasury and will not be sold but maintained as a store of reserve assets.

🔗 The order also establishes a U.S. Digital Asset Stockpile for other digital assets obtained through forfeiture. However, the government will not acquire additional assets for this stockpile beyond those obtained through forfeiture proceedings. This move aims to centralize and improve the management of these assets, which were previously handled in a disorganized manner. Federal agencies are now required to report their digital asset holdings to the Secretary of the Treasury and the President’s Working Group on Digital Asset Markets for better oversight.

🌍 Trump's decision is part of his broader strategy to position the United States as a global leader in cryptocurrency. His administration has already taken steps in this direction, such as appointing a crypto czar and hosting the first White House crypto summit. Trump has expressed his support for digital assets, stating,

I am very positive and open minded to cryptocurrency companies, and all things related to this new and burgeoning industry. Our country must be the leader in the field.

By formally establishing the Strategic Bitcoin Reserve, Trump is fulfilling his campaign promise to position America at the forefront of the global cryptocurrency landscape.

🇳🇬 Binance: The Leading Cryptocurrency Exchange for Nigerians

🚀 Binance has been recognized as the premier cryptocurrency exchange for Nigerians, primarily due to its robust peer-to-peer (P2P) marketplace. This platform enables local traders to engage in digital asset trading using familiar payment methods. Its extensive list of tokens and high liquidity further enhance its appeal over competitors.

💰 A report by NFT Evening highlights several factors that contribute to Binance's top ranking, including low fees of 0.1%, advanced trading tools, futures markets, and staking opportunities. While Binance is noted for its strong security features, some users have expressed concerns about the "lengthy" verification process and occasional regulatory challenges.

⚖️ Despite being embroiled in a legal dispute with Nigerian authorities, Binance maintains its leading position. The Nigerian government has filed an $81.5 billion lawsuit against the exchange, alleging unlicensed operations and tax evasion. In response, Binance appears to be limiting its exposure in the Nigerian market, such as blocking local users from participating in airdrop campaigns.

📊 The report indicates that Binance's strengths outweigh these challenges, allowing it to surpass Bybit and Bitget, which rank second and third respectively. Bybit is favored for its extensive derivatives options and user-friendly interface for high-volume trading, while Bitget's copy trading feature is credited with attracting new users.

🌍 However, it is noted that global exchanges targeting the Nigerian market often have limited direct deposit options. This situation compels users to seek more expensive alternatives or turn to local exchanges like Quidax, one of the few licensed by the Nigerian Securities and Exchange Commission. Among the top eight cryptocurrency exchanges serving Nigeria, two are African and two are American (Coinbase and Kraken).

No more waiting! Daily Secret Ticket Hunt is LIVE! 🛞

This is your golden chance to score the best SEED Mon Boxes with:
🛍 Discount Tickets – From 10% to 100% OFF on SEED Mon Boxes!
⚡️ Rarity Boosts – Increase your chances of getting rarer Mons with Basic, Super & Ultra boosts!

🎯 How to join: Spin the lucky wheel daily until 10:00 UTC, Mar 17 to claim your tickets! Miss a day, lose it forever! ⏳

⚠️ Important Ticket Notes:
🔹 Each ticket is unique and can only be used once.
🔹 Only the ticket owner can redeem it.
🔹 Tickets cannot be traded.

📖 Need more details? Check out our Gitbook: Daily Secret Ticket Hunt!

🎯 Let the hunt begin — may luck be on your side!

🌎 SEED Go | 👍 Discord | 👍 Twitter | 👍 Coinmarketcap