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Addis Ababa, April 29, 2026 — Global cryptocurrency exchange has announced it will discontinue support for the Ethiopian Birr (ETB) on its peer-to-peer (P2P) trading platform, marking a significant shift for crypto users in navigating digital asset markets.
The change will take effect on May 15, 2026, after which all P2P advertisements involving ETB will be removed. The company also confirmed that users will no longer be able to post new ETB-based P2P listings, signaling a full withdrawal of the local currency from its informal trading marketplace.
Despite the cutoff, Binance stated that ongoing transactions, appeals, and disputes involving ETB trades will continue to be processed until resolution, ensuring that existing users are not abruptly affected mid-transaction.
Regulatory Pressure and Market Realignment
The decision comes amid evolving regulatory developments in Ethiopia, where authorities have increasingly scrutinized digital asset activities. While the country has shown interest in financial innovation, including blockchain adoption and digital payments, crypto trading remains a legally sensitive and tightly monitored space.
Binance emphasized that the move is part of its effort to align with local regulations while maintaining engagement with policymakers and stakeholders. The company reiterated its commitment to supporting Ethiopia’s broader ambitions under its 2030 financial innovation and inclusion agenda.
Impact on Ethiopian Crypto Users
For many Ethiopian users, Binance’s P2P platform has served as a critical workaround to access cryptocurrencies using local payment methods in the absence of formal on-ramps. The removal of ETB support is likely to:
- Reduce liquidity and accessibility for local traders
- Push users toward alternative currencies or informal channels
- Accelerate demand for regulated digital finance solutions
However, Binance reassured users that all funds remain secure and that accounts will continue to function normally for other supported assets and currencies.
What Comes Next
The move could signal a broader transition phase in Ethiopia’s crypto landscape, where informal P2P activity gives way to more structured, regulated systems. Industry observers will be watching closely to see whether local authorities introduce clearer frameworks—or tighter restrictions—in response.
Binance said it will continue to provide updates through its official channels as the situation evolves.
