A cryptocurrency platform that enables Nigerians to buy and sell cryptocurrencies in Naira, founded by Moyo Sodipo and his team.
Quidax discontinues P2P trading as Nigeria’s crypto rules tighten
Quidax has discontinued its peer-to-peer (P2P) trading feature after five months of operation. The decision was influenced by user preference for faster trading options like instant swaps and order-book trading.
More than 90% of Nigeria’s crypto market is dominated by Binance, Bybit, and WhatsApp P2P as local exchanges scramble for market share — Report
Nearly 80% of Nigerians use Binance for their crypto needs. International exchanges dominate Nigeria's centralized crypto market, accounting for about 90% of the market share.
6 Moonshot startups building infrastructure to move and hold crypto
Blockchain.com is focusing on Africa, particularly Nigeria, and plans to roll out tokenised US equities. Polytope Labs has developed Hyperbridge, a secure way for blockchains to connect without centralised approval.
Busha, SEC partner to launch crypto course for financial leaders
Nigeria's SEC has issued provisional crypto licenses to startups Quidax and Busha as part of a sandbox program. A new cryptocurrency course, 'Digital Assets Innovation, Industry, Regulation and Compliance (DAIIRC),' is being launched in partnership with the University of Cambridge.
Apex Network wants to make crypto-to-cash seamless across Africa
Apex Network launched in 2020, initially focusing on digital and financial services. In 2021, the company introduced a crypto-to-cash and gift card exchange system to address the risks of cashing out cryptocurrencies in Nigeria.
