Sub-saharan Africa now represents more than $15 million in combined weekly peer-to-peer trade following triple-digit growth over just a few months.
Africa was the sole region to produce an increase in seven-day P2P trade this past week — with sub-saharan African trade posting its seventh all-time high for weekly trade in nine weeks.
Since early January, the sub-saharan African has overtaken the Asia-Pacific, Eastern European, and Latin American regions to emerge as the second-strongest P2P market by a volume margin of more than 50%.
African P2P trade surges
Data posted to Twitter by crypto analyst Kevin Rooke on June 30 indicated triple-digit P2P activity among Africa’s top P2P markets over just three months, with volume increases of 125% in Nigeria, 194% in South Africa, 199% in Kenya, and 257% in Ghana.
Speaking to Cointelegraph, a