CHART: Nigeria Is Africa’s Cryptocurrency Powerhouse

Nigeria has emerged as a prominent player in the global cryptocurrency landscape, firmly establishing itself as one of the top crypto countries globally, according to a recent report by Chainalysis.

In Sub-Saharan Africa, crypto transactions accounted for a modest 2.3% of the global volume from July 2022 to June 2023, reaching $117.1 billion. While this percentage appears relatively small on a global scale, a closer analysis reveals that there is rapid crypto adoption ongoing in the region.