Crypto Usage and Trading Surging in Africa, Exchange CEO Says

[Riya143]

The popularity of crypto is on the rise in Africa, according to the CEO of one of the continent’s up and coming exchanges.
Crypto usage and trading has made its way over to Africa, gaining prevalence all over the continent, according to Chris Maurice, CEO of Yellow Card — a crypto exchange based in Lagos, Nigeria.

"In terms of the crypto scene and everything, things are growing very rapidly, really across the continent, but specifically in Nigeria, South Africa, Ghana, and Kenya," Maurice told Cointelegraph in an interview.
Read More: https://cointelegraph.com/news/crypto-usage-and-trading-surging-in-africa-exchange-ceo-says

[tonymillions84]

Still yet most projects are yet to recognise the importance Africa has played in promoting cryptocurrency. it is a well knowm fact that over 10% of cryptocurrency transaction is been executed in Africa. Africa is a well known dominating force in trading cryptocurrency. the C.E.O made a huge comment regarding trades going on in telegram groups and whatapp groups might exceed some exchanges.

[@chison]

As this trading and usage surges, it also opens room for scammers. While you trade, do it on exchanges that are safe. Decentralised exchanges are amazing and secured just like INJECTIVE PROTOCOL  exchange. Injective PROTOCOL has ability to pull liquidity from different DEXs

[mohdelayo]

Very true, cryptocurrency adoption is growing at a very fast pace in the African continent, particularly Nigeria, South Africa, Kenya, Ghana and Zimbabwe. The tech is widespread in Africa more than so many of the Asian and European countries.

[edmundo]

Not surprised.. Actually, Africa remains one of the largest market and offers vast opportunities yet it is still untapped. It is only ideal that projects and innovations will be looking towards the African Market to see how they can better offer blockchain innovations and solutions to the evidently huge challenges in the continent. In the years ahead, more blockchain experts will likely target the African Market.

[TomPluz]

Africa is considered as the sleeping giant when it comes to cryptocurrency. The potential for mass adoption in Africa is greater compared to other places and it is because traditional financial infrastructure and services are not working that great there and people are looking for alternative which many crypto platforms can provide. However, at the same time expect so many scams and frauds to be sprouting in many African countries and they are bringing the reputation of cryptocurrency down.

[Gurujebs]

Africa remains one of the best continent with crypto adoption been trading, buying as P2P and also merchant.
I have been hearing around Akoin project and its city, hope it doesn't fail as one of those ones as usual. I am looking forward to see if Africa will produce a unique project

[Joyjoyce0]

Most project developers are yet to recognize the size of market available in Africa. Focusing on crypto education in Africa can fast track adoption more than any part of the world would.