Numo launches 24/7 futures exchange for emerging market currencies, starting with the Nigerian naira

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Numo (ALL18) lets users trade the Nigerian naira directly from a stablecoin wallet, with no Nigerian bank account required. The platform matches foreign traders going long naira to capture the interest-rate differential between Nigeria and the US with Nigerian businesses seeking to lock in current exchange rates for dollar needs. The exchange reports over $700,000 in open interest at launch. The announcement congratulated founder Robert Leifke on the rollout.

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Numo launches 24/7 futures exchange for emerging market currencies, starting with the Nigerian naira

Explore the topic

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