The African cryptocurrency market continues to evolve as more people adopt cryptocurrencies, new companies are started, and regulators make new pronouncements.
Despite the evolution, more has stayed the same regarding the spread of adoption geographically. In this article, we explore the top cryptocurrency markets in Africa in 2023.
Since cryptocurrency adoption on the continent became a major narrative in mainstream crypto and traditional media.
Africa’s population is the world’s youngest, with 70% under 30 in sub-Saharan Africa.
Countries like Zimbabwe and Sudan are known for their inflation, but the situation on the continent post-pandemic has become so dire that more stable economies like Ghana and Ethiopia have recorded an inflation rate of 52.8% and 32.0% this year.
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