Only Nigeria in Africa Ranks Among the Top 15 World Crypto Hubs By CoinEdition

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Only Nigeria in Africa Ranks Among the Top 15 World Crypto Hubs

Published Feb 05, 2023 06:36AM ET Updated Feb 05, 2023 07:30AM ET

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Only Nigeria in Africa Ranks Among the Top 15 World Crypto Hubs

Recap ranked London with the greatest crypto-readiness to attract firms and startups.

The indicators include crypto-related jobs, BTC ATM count, and crypto ownership.

Only one African city, Lagos, appeared in the ranking of the top 20.

The world’s most private crypto tracker, Recap, recently published a list of the top 50 major cities with infrastructures to experience mass adoption of cryptocurrencies. Based on eight data points, London has the greatest crypto-readiness to attract firms and startups.

The eight indicators include crypto-specific events, people working in crypto-related jobs, crypto companies, the number of crypto ATMs, and crypto ownership in each country. While London outranked famous municipalities such as Dubai, Singapore, and New York City, only one African city, Lagos, appeared in the ranking of the top 20.

Lagos, a city in Nigeria, the most populous country in Africa, has 779 people working in crypto-related jobs and 112 crypto firms. On the other hand, London has 2,173 people working in crypto-based employment, representing the highest number of people working in the Web3 industry compared to anywhere else.

Dubai…

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Only Nigeria in Africa Ranks Among the Top 15 World Crypto Hubs

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