Big on wallets, light on volume: Africa’s crypto paradox
Africa is seeing high crypto wallet adoption, but actual usage and value remain limited. Experts say economic realities, short-term utility and product gaps help explain the disconnect.
Quidax
Quidax’s CEO Okoro appeals for global collaboration to grow Africa’s crypto ecosystem
Okoro, who spoke at Coindesk’s Consensus 2025, said Africa’s crypto potential will remain locked unless global stakeholders partner with local ones.
Nigerian blockchain startups raised $20M in 2024, claims 3% of global developers — Report
The report dubbed the Nigeria Web3 Landscape Report says 3% of global blockchain developers are in Nigeria.
Naira-backed stablecoin cNGN debuts on local exchanges
As stated on its website, only licensed users can purchase cNGN directly from the platform, while others can access it through cryptocurrency exchanges like Busha and Quidax.
Nigerian SEC grants provisional crypto licenses amid regulatory shift
Crypto exchanges Quidax and Busha receive “Approval-in-Principle” as Nigeria takes steps towards regulating the crypto industry.