The African continent has seen remarkable growth in cryptocurrency adoption and usage in recent years, with Nigeria emerging as the undisputed leader in the crypto space, accounting for a staggering 66.8% share in the first half of the year. According to the most recent Coingecko Africa crypto report for H1 2023, the African giant has left its rivals in the dust, with South Africa trailing far behind as a distant second.
Between the 1st of January and the 4th of June, a period representing the first half of the year, the entire African continent seemed to bow to Nigeria's crypto prowess. During that time period, no other country managed to surpass 10% in crypto interest, with South Africa only managing 8.36%. Morocco, which is notorious, came in third place with a meager 5.43%. Ghana and Egypt are close behind, with crypto interest rates of 5.24% and 2.74%, respectively.