One of the Fastest-Growing Crypto Markets in the World

Nigeria has the largest economy in Africa. Moreover, this country has a huge potential when it comes to cryptocurrencies. It makes sense as the most populous country on the continent, it won’t be hard to find people who are willing to learn more about crypto.

Importantly, according to the report released by major crypto wallet Blockchain.com, Nigeria is apparently one of the fastest-growing crypto markets in the world. Notably, the country experienced the largest influx of activity on its wallet since April 20.

Interestingly, the country is the biggest source of Bitcoin trading volume in Africa. This fact once more underlines the importance of this country.

Crypto trading in Nigeria

Based on the information provided by Blockchain.com, Nigeria outperformed other countries on its platform over the past three months. Moreover, in the region, the Blockchain.com web wallet became more popular since April. The report mentioned a 60% increase in usage of the Blockchain.com web wallet.

It is worth noting that, Nigeria is the top country searching for Bitcoin on Google. Importantly, in terms of Bitcoin interest over the past 90 days to date, the country outperformed the rest of the world. Moreover, other countries in Africa are also interested in crypto.

As stated above, Nigeria is the best-performing country on Blockhain.com in recent months. However, when it comes to the most active country in July that title belongs to Peru. Notably, Peru, India as well as Indonesia are the top three countries when it comes to total transactions during the month.

Cryptocurrencies step-by-step became a part of the modern world. Moreover, more and more people are willing to become crypto owners. Nigeria has the opportunity to make the lives of millions of its citizens easier by adopting crypto. Fortunately, the local population understands the importance of cryptocurrencies. As a result, the country is apparently one of the fastest-growing crypto markets in the world.