Cryptocurrency Ownership in Nigeria

This source will be going over the crypto currency adoptation in Nigeria

The Key Takeaways:

• It is estimated that over 22 million people, 10.3% of Nigeria’s total population, currently own cryptocurrency
• Nigeria is one of the main African countries driving Africa’s crypto growth, having ranked 6th worldwide in terms of crypto-related use according to a report done by Chainalysis, a US blockchain data platform
• A majority of Nigerian crypto investors are below the age of 30 (52% of its investor).

• Kucoin has reported that Nigerians are amongst the most zealous nationality when it comes to crypto adoption. For many, it has become the preferred choice for storage and transfer of assets.
• According to CoinGecko, the Nigerian population searched the most for the terms ‘cryptocurrency’, ‘invest in crypto’, and ‘buy crypto’.
• The Nigerian Export Processing Zones Authority (NEPZA) is in discussions with Binance to create a virtual free zone on blockchain and digital economy.