Crypto Live News
Author: Mustafa Mulla
Mustafa Mulla 
Author
Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
Sep 23, 2023 15:28
According to a recent report by Chainalysis, sub-Saharan Africa accounts for only 2.3% of the global cryptocurrency trading volume. However, Nigeria is the largest market in the region, with almost $60 billion in trading volume between July 2022 and June 2023. South Africa closely follows, with $20 billion in trading volume. Kenya, Mauritius, and Ghana ranked third, fourth, and fifth, respectively. The report also noted that, due to a lack of reliable financial infrastructure, many people in the region turn to cryptocurrency as an alternative way to store and transfer value.
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