Punch Newspapers Sections Published 19 May 2021 Binance has reported a surge in the number of African users on its platform. Trading volume of crypto-crypto transactions increased by 28.61 per cent between January and April 2021. The company recorded a 2228.21 per cent increase in P2P users on its platform, and 386.93 per cent in P2P volumes across Africa. Also, there was a 114.33 per cent increase in users across Africa between January and April 2021. Although Binance is witnessing a rise on the continent, the same cannot be said about its US operations. The company is under investigation by the US Justice Department and Internal Revenue Service. The federal agencies are investigating whether the platform is been used to fund illicit activities and evade taxes.