How Crypto Market Evolved in Nigeria

Last week, major crypto wallet Blockchain.com, released a report. According to this report, Nigeria is apparently one of the fastest-growing crypto markets in the world. It is worth mentioning that, Nigeria experienced the largest influx of activity on its wallet since April 20.

As a reminder, the country is the biggest source of Bitcoin trading volume in Africa. Several months ago, Nigeria welcomed its first Bitcoin ATM. Interestingly, Blockstale BTM installed the ATM in the Dazey Lounge and Bar in Lagos state. Moreover, this company plans to launch more terminals across the country.

Crypto trading and interesting details

According to a major crypto wallet, Nigeria outperformed other countries on its platform over the past three months. Furthermore, its web wallet became more popular since April.

People who are not familiar with the topic may be surprised to hear that, Nigeria is the top country searching for Bitcoin on Google. Notably, in terms of Bitcoin interest over the past 90 days to date, Nigeria outperformed the rest of the world.

Nigeria is the best-performing country on Blockhain.com in recent months. Nevertheless, when it comes to the most active country in July Peru outperformed other countries. Interestingly, Peru, India as well as Indonesia are the top three countries when it comes to total transactions during last month.

The largest economy in Africa has the opportunity to make the lives of millions of its citizens easier by adopting crypto. As can be seen from the information stated above, the local population understands the importance of cryptocurrencies. It is not a coincidence; that Nigeria is apparently one of the fastest-growing crypto markets in the world.

Last but not least, this country has a huge potential when it comes to cryptocurrencies. Nigeria is the most populous country on the continent, and it won’t be hard to find people who are willing to learn more about crypto.