• 88% of Nigerian adopters prefer centralized exchanges, citing stability and ease of use
• 26.3 million Nigerians have adopted crypto
• $57.11 billion is the amount in trade value processed by Nigerians within a year
• Stablecoins dominate daily transactions, with 45% of adopters using them regularly
• International exchanges lead in brand awareness despite regulatory challenges
• Regulatory sentiment is surprisingly positive across all levels
• The typical user profile: students and young entrepreneurs earning under ₦250,000 (~$172) monthly

___________

According to the report, students make up 43% of Nigeria’s crypto population, while freelancers, self-employed individuals, and small business owners account for much of the remaining share.

“This investor class, however, is not a high-net-worth segment,” the report states.

“Our data shows that approximately 85% of retail crypto investors earn below ₦250,000, which places the majority of the crypto population in the low to mid-income bracket.”