Nigerians trade crypto worth $1.5bn amidst crypto ban
- Crypto trade surges in Nigeria amidst crypto ban
- Nigeria and its ban on crypto
In just three months of the crypto ban in Nigeria, residents have traded crypto worth $225,000 on Paxful peer-to-peer platform.
Local media in Nigeria reports that Paxful revealed this to them. From November 2020 to February 2021, the source added that trading volumes from Nigeria was about $150,000 representing an increase in crypto sales during the crypto ban, local media reports.