Since Bitcoin’s introduction in 2008, cryptocurrencies have evolved from niche experiments into a global financial revolution. Today, the industry boasts 562 million users across the world – or 6.8% of the global population. This represents a jump of over 140 million from 2023 levels when only 420 million people owned cryptocurrencies. While Asia leads the charge, Africa’s crypto market is steadily growing despite regulatory challenges, increasing from 40.1 million to 43.5 million users. Among African nations, South Africa leads with 10.0% crypto ownership, followed by Nigeria at 5.9%, Kenya at 5.1%, Egypt at 3.0%, and Tanzania at 2.4%. Together, these countries form the continent’s top five. Although Asia and North America remain frontrunners in global crypto adoption, Africa’s progress is notable, especially given persistent regulatory challenges. Binance’s recent struggles in Nigeria underscore these challenges.
Source: BUSINESS INSIDER AFRICA