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Despite ban, Nigeria leads bitcoin P2P trading across Africa in Q1 2021

Vanguard News Despite ban, Nigeria leads bitcoin P2P trading across Africa in Q1 2021 On By Prince Osuagwu DESPITE ban, Nigeria still blazes the trail in cryptocurrency growth. The country has become a reference point in the emerging markets of Middle East and Africa when trading on crytocurrency is discussed. In the first quarter of this year, Q1,2021 Nigeria shocked the world when  between January and March it posted a peer-to-peer, P2P Bitcoin trading value worth $99.1 million. Kenya also followed suit with $38.4 million, although that was $61 million less than Nigeria’s. Ghana and South Africa complete the top 4 with $27.4 million and $25.8 million respectively.

Breaking News | Despite ban, Nigeria leads bitcoin P2P trading across Africa in Q1 2021

By Prince Osuagwu DESPITE ban, Nigeria still blazes the trail in cryptocurrency growth. The country has become a reference point in the emerging markets of Middle East and Africa when trading on crytocurrency is discussed. In the first quarter of this year, Q1,2021 Nigeria shocked the world when  between January and March it posted a peer-to-peer, P2P Bitcoin trading value worth $99.1 million. Kenya also followed suit with $38.4 million, although that was $61 million less than Nigeria’s. Ghana and South Africa complete the top 4 with $27.4 million and $25.8 million respectively. In 2020, Nigeria’s Bitcoin trading volume was $309.6 million followed by South Africa’s $98.4 million and Kenya’s $92.4 million. However, while Nigeria’s ban on cryptocurrency is not affecting both the P2P and general volume of trading, that of South Africa is having a negative impact considering that both Kenya and Ghana have eclipsed South Africa in the Q1 2021 trading report, according to Us

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