Crypto exchanges Coinbase and Bitget are making significant strides in the African market, particularly in Nigeria and South Africa. Meanwhile, a notable increase in digital currency holders is seen in Morocco, despite governmental restrictions.

South Africa Crypto News: Bitget to Support Rand Payments

Bitget, a well-known international crypto exchange, is partnering with Call Pay to facilitate Rand payments in South Africa. This strategic collaboration aims to enhance user experience by allowing fiat-to-crypto deposits. As part of its goal, Bitget seeks to provide incentives to attract more users into the South African crypto landscape, which has emerged as one of Africa’s most dynamic markets.

A recent study predicts that South Africa’s decentralized finance (DeFi) sector could grow significantly, valued at $180 million in the next three years.

Nigerian Crypto News: Coinbase Expands P2P Services

In Nigeria, Coinbase has partnered with Onboard Global to initiate peer-to-peer payment services. This marks a crucial entry point into the Nigerian market, which is ripe for crypto initiatives due to its large population and economic dynamics. However, there’s adversity as the Nigerian government is suing Binance for tax violations, claiming damages of $81 billion.

Morocco Crypto News: Rising Adoption Amid Restrictions

Despite Morocco’s ongoing ban on cryptocurrencies since 2017, around 6 million citizens reportedly own digital assets, according to a report by HelloSafe. This situation highlights the challenges of regulatory enforcement in a country with a significant informal economy. It indicates a possible shift in government policy towards crypto assets as usage continues to rise.

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