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10 May 2021

Peer-To-Peer Bitcoin Trading Rising Across Africa

Peer-To-Peer Bitcoin Trading Rising Across Africa


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According to data from UsefulTulips, Ghana and Kenya have seen a steady increase in bitcoin trading, overtaking South Africa to become the second- and third-leading cryptocurrency markets in Africa during the first quarter of 2021.

Nigeria, which recently saw a government crackdown on bitcoin, still leads the continent in bitcoin trading volume.

Trading volume in Nigeria surpassed $99.1 million between January and March 2021, followed by Kenya with $38.4 million, Ghana with $27.4 million and South Africa with $25.8 million.

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