Nigerians traded bitcoin volumes of over N92.25m ($225K) on Paxful, a cryptocurrency trading platform, from March to June 2021. The source added that from November 2020 to February 2021, trading volumes from Nigeria was about N73.8m. In an email correspondence, the source said, “From March through June 2021, Paxful had a bitcoin trading volume of over $225K in Nigeria. From this date range, we have bitcoin trading of nearly $180K.”In April, Paxful announced that Nigeria was its biggest crypto market, with volumes of $1.5bn and 1.5 million users. The crypto market has since lost over $600bn in market value, with millions of investors liquidated.

Source: Punch July 05, 2021 00:11 UTC