Nigeria has emerged as Africa’s largest crypto market, recording a staggering $59 billion worth of cryptocurrency transactions in the past year. This rise can be attributed to several factors including limited traditional banking access and high inflation rates which have fueled the use of digital assets for financial needs. 💰 The popularity of peer-to-peer (P2P) trading platforms has also played a key role, providing convenient ways to buy and sell cryptocurrencies without relying on centralized exchanges. The country’s tech-savvy young population is another driving force behind this rapid growth. Despite regulatory hurdles from the CBN, Nigeria’s crypto market remains resilient as the government explores blockchain technology for financial inclusion and identity solutions. A clearer regulatory landscape could further boost stability and expansion for this thriving industry.