Africa’s crypto market has grown by $105.6 billion in the last year

Sep 23, 2021

Shown here is part of Nigeria in Africa, one of the countries hit particularly hard by COVID-19.

Some experts think that Africa's under-developed infrastructure makes it a strong vector for cryptocurrencies. Image: UNSPLASH/Nupo Deyon Daniel

Tim Fries

Co-founder and editor, The Tokenist

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this chart shows the market growth vs. retail share of markets vs. total market size by region Jul '20 - Jun '21

Visual insights into African wealth vs. crypto adoption rate. Image: Chainalysis Insights

this chart shows the P2P share of all transaction volume by country, July '20, June '21

Africa has topped peer-to-peer (P2P) payment platforms in terms of transaction volume across all regions. Image: Chainalysis Insights

this chart shows the performance of Nigerian Naira (NGN) and Kenyan Shilling (KES) vs Bitcoin over 5 years

The performance of Nigerian Naira (NGN) and Kenyan Shilling (KES) vs Bitcoin over 5 years. Image: TradingView.com

this chart shows how food prices have been affected in Nigeria

How food prices have been affected in Nigeria. Image: TRADINGECONOMICS.COM

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