Binance recommends P2P as Ukraine suspends hryvnia use on crypto exchanges

Ukraine briefly suspended the usage of its nationwide forex, the hryvnia, through banking playing cards for fiat deposits and withdrawals on crypto exchanges. Whereas the transfer instantly impacted how traders transfer funds to and from exchanges, Binance reminded customers about how peer-to-peer (P2P) providers come in useful when buying and selling cryptocurrencies.

Following the momentary suspension from Ukraine’s central financial institution, crypto exchanges like Binance and Kuna made official bulletins informing traders concerning the inconvenience. Michael Chobanian, the founding father of native crypto trade Kuna, acknowledged the service disruption. Nevertheless, he mentioned he would clarify the nuances of the event later.

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