A cryptocurrency exchange platform in Nigeria that offers trading services and has received regulatory approval.
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.
85% of crypto investors in Nigeria earn below ₦250k
85% of Nigeria’s retail crypto investors earn below ₦250,000 per month. Students make up 43% of Nigeria’s crypto population.
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.
Quidax joins Busha to list SEC-regulated cNGN stablecoin amid crypto push
Quidax received a provisional license in August 2024. cNGN, Nigeria's first regulated stablecoin, was listed by Quidax on March 12.
Nigeria to tax cryptocurrency transactions as government tightens digital asset rules
Nigeria is revising its digital asset regulations to include taxation of cryptocurrency transactions. The Central Bank of Nigeria lifted the ban on cryptocurrency transactions in December 2023.
