Sub-Saharan Africa now the third-fastest-growing crypto region, Chainalysis
Nigeria led the region with $92.1 billion in value received over the 12-month period, nearly three times that of South Africa.
South Africa
Luno expands access to tokenized US stocks to Nigeria
Nigerians can now invest as little as ₦100 in stocks of companies such as Apple, Meta and NVIDIA through Backed Finance-owned xStocks.
South Africa’s Altvest to raise $210 million for Bitcoin treasury reserve
The Johannesburg-based firm will rename itself Africa Bitcoin Corp. and hold the cryptocurrency on its balance sheet.
Nigeria leads stablecoin adoption with $22 billion in transactions
According to the study, stablecoins accounted for 43% of total crypto transaction volume in sub-Saharan Africa in 2024.
South Africa to introduce cross-border crypto framework in 2025
It will set parameters, conditions, administrative responsibilities, and reporting requirements for cross-border crypto transactions.
The African blockchain funding scene: More deals, less dollars
Nigeria saw the most deals done, but Seychelles maintained top spot in terms of deal value.
Sidebar: How governments can solve blockchain problems in Africa — Web3Bridge founder
Ayodeji Awosika, founder of Web3Bridge, believes that 70% of Nigeria’s problems can be solved if the government steps up to fix just education, infrastructure, and travel policies.