Nigerians Pile Into Bitcoin, Crypto: KuCoin Report

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  • KuCoin conducted a report with multiple surveys that shows 35% of the adult population aged 18-60 in Nigeria are vested in bitcoin or other cryptocurrencies.
  • The investor class is largely made up of a youthful population driven by Nigeria’s median age of 18.4 years old, which leads to 52% of the investors being below the age of 30.
  • Nigeria hosts many long-term investors in the space as its currency, the Naira, has seen a 209% depreciation over a six-year period. 37% of investors in the space have been invested for over 3 years.
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