Review on Nanu Exchange by Killer Bean
Brazilian Exchange for Brazilian Traders but closed down!!!
Nanu Exchange is a Brazilian Exchange which is centralized and also unregulated. The exchange was shut down in November 2020, there was known confirmed reason but for some reason, the exchange is no longer accessible. The exchange used to trade with very low fees, going as low as 0.15% for makers and 0.25% for takers making it a liquid exchange but its liqudity wasnt deep enough because the trading volume kept on reducing while it was still functional alongside the fact that the exchange had little trading pairs. The exchange supported fiat currencies but it was limited to only the Brazilian Real which means that the services offered by the exchange was specifically for Brazilian Traders. Brazilian Exchange for Brazilian Traders but closed down!!!
Pros
- The trading fee is cheap
Cons
- The activities of the exchange was specific for Brazillians
- The Exchange has had 24 hour volume of $0 for a while
