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<ul class="news-points"> 
 <li>Sub-Saharan Africa’s crypto market received a $117.1 billion influx amid historically low transaction volume.</li> 
 <li>Chainalysis reveals Nigeria leads crypto adoption in the African market.</li> 
 <li>The report disclosed that the African market led Americans, Europeans, and Asia in Bitcoin regional transaction volume.</li> 
</ul> 
A recent report by blockchain security research firm <a href="https://coinedition.com/chainalysis-spotlights-how-s-korean-new-act-combats-integrity-concerns/" rel="noopener noreferrer nofollow">Chainalysis</a> revealed that crypto has made significant inroads into key markets in Sub-Saharan Africa, emerging as both an inflation mitigation strategy and a popular trading vehicle. 
Chainalysis noted that the region witnessed an influx of approximately $117.1 billion in on-chain value between July 2022 and June 2023. Meanwhile, it argued that the influx was despite Sub-Saharan Africa historically having the smallest crypto economy among all regions, accounting for just 2.3% of global transaction volume. 
Chainalysis disclosed that Sub-Saharan Africa led North America, Eastern Europe, Latin America, the Middle East, Western Europe, and Eastern Asia in Bitcoin regional transaction volume. 
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 <img decoding="async" width="892" height="497" src="https://coinedition.com/wp-content/uploads/2023/09/bitcoin-1.png" alt="" class="wp-image-337083" srcset="https://coinedition.com/wp-content/uploads/2023/09/bitcoin-1.png 892w, https://coinedition.com/wp-content/uploads/2023/09/bitcoin-1-300x167.png 300w, https://coinedition.com/wp-content/uploads/2023/09/bitcoin-1-313x175.png 313w, https://coinedition.com/wp-content/uploads/2023/09/bitcoin-1-380x212.png 380w, https://coinedition.com/wp-content/uploads/2023/09/bitcoin-1-768x428.png 768w, https://coinedition.com/wp-content/uploads/2023/09/bitcoin-1-696x388.png 696w, https://coinedition.com/wp-content/uploads/2023/09/bitcoin-1-127x70.png 127w, https://coinedition.com/wp-content/uploads/2023/09/bitcoin-1-159x89.png 159w, https://coinedition.com/wp-content/uploads/2023/09/bitcoin-1-255x143.png 255w, https://coinedition.com/wp-content/uploads/2023/09/bitcoin-1-795x443.png 795w, https://coinedition.com/wp-content/uploads/2023/09/bitcoin-1-440x245.png 440w, https://coinedition.com/wp-content/uploads/2023/09/bitcoin-1-414x231.png 414w, https://coinedition.com/wp-content/uploads/2023/09/bitcoin-1-296x165.png 296w, https://coinedition.com/wp-content/uploads/2023/09/bitcoin-1-377x211.png 377w, https://coinedition.com/wp-content/uploads/2023/09/bitcoin-1-328x183.png 328w, https://coinedition.com/wp-content/uploads/2023/09/bitcoin-1-144x81.png 144w, https://coinedition.com/wp-content/uploads/2023/09/bitcoin-1-123x70.png 123w, https://coinedition.com/wp-content/uploads/2023/09/bitcoin-1-129x72.png 129w" sizes="(max-width: 892px) 100vw, 892px"> 
 <figcaption class="wp-element-caption"> Source: <a href="https://www.chainalysis.com/blog/africa-cryptocurrency-adoption/" target="_blank" rel="noopener noreferrer nofollow">Chainalysis</a> 
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Furthermore, the report highlighted that centralized exchanges were the dominant trading platform… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/africa-sees-117b-crypto-influx-ouranks-u-s-europe-in-btc-trades/">Africa Sees $117B Crypto Influx, Ouranks U.S., Europe in BTC Trades</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Africa Sees $117B Crypto Influx, Ouranks U.S., Europe in BTC Trades

Coin Edition

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