Why Is Nigeria Big Into Bitcoin - Samuelpaganoto.com

Last Updated on December 14, 2023 by Paganoto

Cryptocurrencies: Why Nigeria is a global leader in Bitcoin trade

Nigerians also see cryptocurrencies as a way to get around foreign currency restrictions. "There are a lot of restrictions on what we can and cannot do with our foreign exchange," Nena Nwachukwu from popular trading platform Paxful explains. "Nigerians find it easier to use [cryptocurrency] as an investment tool."Feb 28, 2021

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According to a survey in March by Statista, 32% of respondents in Nigeria use crypto. Nigeria also ranked eighth in Chainalysis’ 2020 report on …

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Nigeria had the greatest percentage of bitcoin owners in the world in October of last year, according to the Finder Cryptocurrency Adoption …

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Nigerians are turning to crypto for business, to protect their savings as the naira loses value, and to send payments abroad because it is often …

Cryptocurrency usage soars in Nigeria despite bank ban

Nigeria ranked sixth in the 2021 Global Crypto Adoption Index published by blockchain analytics organization Chainalysis in October 2021.

Nigeria is No.2 bitcoin market after the US on Paxful – Quartz

In the last five years, Nigeria has traded 60,215 bitcoins, valued at more than $566 million which, apart from the US, is the largest volume …

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The Nigerian stock exchange said in June it planned to start a blockchain-enabled platform next year to deepen trade and lure young investors to …

Why crypto is booming in Nigeria despite govt ban |

Strict FX laws have been one of the factors that have aided the use and adoption of cryptocurrency in Nigeria despite the ban. A lot of people …

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Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.