The total amount of cryptocurrency traded in Nigeria on a peer-to-peer platform has surpassed $1.5 billion

With crypto-currencies, we see an alternative, a way to rest the financial system
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Bitcoin Trading

Nigeria's cryptocurrency traded volumes on Paxful, a peer-to-peer trading site, topped $1.5 billion in the first four months of 2021, according to Paxful. This sum accounts for nearly a third of Paxful's overall global volume of $5 billion. Nigeria's position as one of the exchange's largest markets globally is reaffirmed by this latest traded volume number.

According to one estimate, the platform's 1.5 million users created Nigeria's most recent total traded volume figure. Paxful had 6 million users worldwide at the end of April. The United States, China, India, and Kenya are the exchange's other big four global markets, in addition to Nigeria.

Meanwhile, the study includes Paxful CEO Ray Youssef's thoughts on why cryptocurrency adoption is continuing to rise around the world.

He said,
"With crypto-currencies, we see an alternative, a way to rest the financial system based on equality. Our mission at Paxful is to give everyone equal access to finance no matter who they are or where they are so they can control their own money and build the future they want with financial freedom.