Summary
Coinbase says its platform is still accessible in Nigeria, despite reports of restrictions on exchanges like Binance. Nigerian citizens use exchanges to get better exchange rates for their currency. Cryptocurrency use is growing in Nigeria, making it the second country on the Global Crypto Adoption Index.
Key Points
1. Coinbase has confirmed that its platform is still accessible in Nigeria, despite reports claiming otherwise.
2. Nigerian authorities were reported to have restricted access to exchanges like Binance and Coinbase, impacting citizens’ ability to access better exchange rates for their currency against the dollar.
3. Cryptocurrency use is on the rise in Nigeria, with the country ranked as number two on the Global Crypto Adoption Index by blockchain data firm Chainalysis.