Binance offers one of the easiest-to-use peer-to-peer marketplaces and has the potential to change the African crypto market.
A report by blockchain research firm, Chainalysis, revealed that Africa had one of the most active crypto markets. Researchers observed that peer-to-peer transactions were highly popular amongst the locals. According to the adoption report, Africa received $105.6 billion worth of crypto between July 2020 and June 2021. In addition, crypto adoption on the continent surged by 1200% in the previous year.
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