BTC and Crypto Africa: Nigeria Leads with $125B Web3, DeFi and Stablecoin Boom
Crypto, BTC and Stable coin adoption in Sub-Saharan Africa is rising steadily, with Nigeria leading a region where digital assets are reshap
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Last updated: Wednesday, June 4, 2025
Quick overview
- Sub-Saharan Africa's crypto market has reached approximately $125 billion, with Nigeria leading in adoption and usage.
- The rise of cryptocurrencies, particularly stablecoins, is driven by currency instability and limited access to traditional banking services.
- Decentralized finance (DeFi) is gaining traction in the region, providing unbanked individuals with access to essential financial tools.
- Nigeria is emerging as a key player in Web3 development and Bitcoin mining, leveraging its natural gas reserves for potential growth.
Crypto, Bitcon (BTC) and Stable coin adoption in Sub-Saharan Africa is rising steadily, with Nigeria leading a region where digital assets are reshaping finance, trade, and innovation amid currency instability and limited banking access.
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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