Cryptocurrency Ownership in Nigeria

The source explores the current state of cryptocurrency ownership in Nigeria, highlighting the growing popularity of digital currencies in the country. It provides insights into the demographic breakdown of crypto owners, their preferred crypto assets, and the reasons behind their adoption. The post also discusses the potential for further growth and development of the crypto market in Nigeria.
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The Key Takeaways:

• It is estimated that over 22 million people, 10.3% of Nigeria’s total population, currently own cryptocurrency
• Nigeria is one of the main African countries driving Africa’s crypto growth, having ranked 6th worldwide in terms of crypto-related use according to a report done by Chainalysis, a US blockchain data platform
• A majority of Nigerian crypto investors are below the age of 30 (52% of its investor).

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