After 20k tweets and over 100 trades, here’s the truth about P2P crypto trade in Nigeria
- The Central Bank of Nigeria's 2021 directive halted bank facilitation of cryptocurrency transactions, pushing users towards P2P trading.
- P2P trading has become a popular method for crypto transactions in Nigeria, with platforms like Binance facilitating direct trades.
- Breet conducted research on P2P trading experiences, analyzing over 100 trades and 20,000 tweets to assess user sentiment and issues.
The findings from Breet's research highlight a critical need for improved security and reliability in P2P trading platforms. As the crypto market matures, there is an opportunity for automated solutions to address the pain points experienced by users, particularly those new to cryptocurrency. The balance between user trust and system reliability will be essential for the future of crypto transactions in Nigeria.
