Why Nigerian crypto startups are expanding beyond retail trading
Nigerian crypto startups are struggling with margin compression due to increased competition. Peer-to-peer trading became essential after the Central Bank of Nigeria barred banks from servicing crypto transactions.
SMC DAO acquires Nigerian crypto startup Bread Africa in six-figure deal
SMC DAO acquired Bread Africa in an undisclosed all-cash six-figure deal. The acquisition reflects the ongoing consolidation in Nigeria's digital asset ecosystem.
Nigerian crypto startup Roqqu draws 30,000 users to its futures product
Roqqu's futures derivatives product attracted over 30,000 users during its beta testing phase. The startup is launching crypto cards and a prediction market to expand its product offerings.
Crypto derivatives coming to Luno Nigeria
Luno Nigeria plans to roll out crypto derivatives, including perpetuals and futures trading, by 2026. The Nigerian crypto ecosystem is becoming more structured with legal and regulated trading platforms.
Luno Nigeria to offer derivates in ‘all-in-one’ investment strategy push
Luno Nigeria plans to offer perpetuals trading and may introduce futures products in 2026. The company aims to position itself as an all-in-one investment app for Nigerian users.
