NGN Becomes Key Market for USDT, USDC, and Bitcoin Exchanges

Nigeria has emerged as one of Africa's most important digital asset markets. As a result, NGN has become a prominent exchange route connecting the local currency with cryptocurrencies.

The demand for NGN trading pairs is driven by practical financial needs, such as buying USDT with naira or converting USDC to naira and vice versa, receiving payouts via Visa/Mastercard NGN or bank transfers, and bridging local currency with international payment networks.

Nigeria's transaction volume exceeded $205 billion between July 2024 and June 2025, representing annual growth of approximately 52%. The country ranked 6th worldwide in the 2025 Global Crypto Adoption Index, while Ethiopia placed 12th. Nigeria's transaction volume was nearly three times larger than that of its closest African competitor.