Leading cryptocurrency exchange Binance has announced “Binance Uganda” – its first fiat crypto exchange in Uganda.

The registrations for the new platform are now open and the first 20,000 users to register will each be rewarded with 0.5 BNB.

“The total rewards for this promotion are strictly limited to 10,000 BNB, and will be distributed on a first come first served basis,” the announcement reads.

Binance also announced that it will offer a month of zero trading fees to Binance Uganda users when the platform goes live. However, the exchange has not stated any tentative date for the commencement of trading.

Earlier in March, Binance announced its plans to set up its operations in Malta. More recently, the company said that it will launch a new cryptocurrency exchange that will facilitate crypto-fiat trading.

Furthermore, the company has also announced its plans to launch a $1 billion fund, which will provide financial support to high-quality and long-term projects. Importantly, all investments will be made with BNB tokens.