Binance has reportedly announced that it will discontinue all currency services in Nigeria amidst an ongoing legal dispute. According to an update on its website quoted by CNBC, the U.S. cryptocurrency firm said on March 5 that the platform will suspend Naira (NGN) withdrawals after March 8. Any leftover NGN in user accounts will be automatically exchanged for Tether, a stablecoin cryptocurrency that is tied to the U.S. dollar. Binance will also immediately cease NGN deposits, as transactions of this nature will no longer be accepted after 2:00 pm UTC on Friday. The company will also eliminate all trading pairs that include the NGN on March 7. In addition, Binance Pay, the platform’s payment service, will discontinue supporting the NGN as a payment option on March 6. Nigeria ranks among the largest cryptocurrency markets globally. However, the country’s authorities have sought nearly $10 billion in damages from Binance, alleging that the company engaged in currency speculation and rate-fixing to manipulate foreign exchange rates. Following these accusations, two senior executives from the firm were detained last …