Sub-Saharan Africa ranks third globally in crypto adoption, with an annual trading volume of $205 billion, according to the latest report by the blockchain data platform Chainalysis. Sub-Saharan Africa has become the region with the third fastest growth rate of cryptocurrency adoption in the world, with on-chain trading volume reaching $205 billion between July 2024 and June 2025, representing a year-on-year increase of 52%. Against the backdrop of currency devaluation and insufficient financial infrastructure, crypto applications in the region are rapidly penetrating both institutional and retail markets. The economic drivers behind the rise in crypto adoption.

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