Nigeria’s cryptocurrency market has reached an astounding $50 billion in transactions, according to the Securities and Exchange Commission (SEC). This surge highlights a growing preference for digital assets over the country’s traditional capital markets. The SEC’s Director-General, Dr. Emomotimi Agama, disclosed this during the Chartered Institute of Stockbrokers’ annual conference in Lagos. He noted that despite the significant growth in cryptocurrency use, less than four percent of Nigerian adults actively invest in the regulated securities market. This poses a challenge for national capital formation and long-term economic stability, as it highlights the underperformance of Nigeria’s financial infrastructure compared to its peers. The SEC aims to address this gap through reforms aimed at integrating digital assets into the existing financial system. Dr. Agama emphasized the need for adequate regulation and investor education to ensure a safe and sustainable environment for crypto adoption.