Nigeria's Bitcoin Trading Volume Rises to N1.7bn

Crypto business is booming in Nigeria and more Nigerians are investing in it. A study has shown that about 56% of the crypto startups in Nigeria that raise money through token sales die within four months of their initial coin offerings (IOCs). However, despite the low lifespan of crypto startups in the country statistics has shown that the volume of local bitcoins transactions in Nigeria rose from N1.534 billion as at June 30, 2018 to N1.733 billion as at July 7, 2018. The highest the volume has been since March this year when volume rose to N1.735 billion.