According to data from LocalBitcoins and Paxful, since February 2021, when the central bank of Nigeria imposed a crypto ban, the country’s Bitcoin P2P trading volume has increased by more than 15% year-on-year.
Currently, Bitcoin’s weekly trading volume has slowed slightly, likely due to the market downturn. It is reported that in Nigeria, the total amount of transactions using P2P platforms exceeds 400 million US dollars.