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Nigerians Pile Into Bitcoin, Crypto: KuCoin Report

  • KuCoin carried out a report with a number of surveys that exhibits 35% of the grownup inhabitants aged 18-60 in Nigeria are vested in bitcoin or different cryptocurrencies.
  • The investor class is largely made up of a youthful inhabitants pushed by Nigeria’s median age of 18.4 years outdated, which leads to 52% of the traders being beneath the age of 30.
  • Nigeria hosts many long-term traders within the area as its foreign money, the Naira, has seen a 209% depreciation over a six-year interval. 37% of traders within the area have been invested for over 3 years.

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