Ray Youssef, the CEO of Paxful, shared that there has been a 400% growth in Ghana’s trading volume within their exchange in the last two years.
According to Ray Youssef, the CEO of P2P platform Paxful, the local population's needs along with the current growth trends in Ghana show that it has the potential to become a leader in crypto adoption in Africa.
Youssef said that in the last year, the total trading volume coming from Ghana in their P2P exchange has grown by 400% in the last two years. The executive also believes that many Nigerians consider Ghana as their home during the summer and are educating Ghanaians on Bitcoin and crypto. Chainalysis also mentioned that the insights provided by Youssef align with their data on Ghana. The analytics firm added that apart from Ghana, other countries in Sub-Saharan Africa are expected to have higher levels of crypto usage as a lot of residents continue to face issues that crypto can solve for them.
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