Cryptocurrency Trading Thrives in Nigeria, Reaching 11 Million Monthly Trades
Explosive Growth and Potential
The Nigerian cryptocurrency market is experiencing a surge in activity, with Paxful reporting 11 million cryptocurrency trades per month on its platform alone. This remarkable growth is further evidenced by projections from Statista, which indicates that revenue in the Cryptocurrencies market is expected to reach US$326 million by 2024.
Leading Exchanges Dominate P2P Trading
Paxful and KuCoin have emerged as the frontrunners in Nigeria's cryptocurrency exchange landscape, particularly for peer-to-peer (P2P) trading. These platforms facilitate transactions directly between buyers and sellers, offering a convenient and secure way to exchange cryptocurrencies.
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