Markets
Africa, market by market.
We track the markets where stablecoin adoption, payments activity and strategic importance are highest. Nigeria is our deepest market today. Coverage expands as research, demand and market signals grow.
- Deep coverage
- Active coverage
- Monitoring
West Africa
Nigeria
One of the most active crypto and stablecoin markets in the world, and our deepest market. A large, mobile-first population, persistent FX pressure and a dense fintech sector drive demand for dollar-denominated rails.
- Currency
- Nigerian naira (NGN)
- Regulators
Central Bank of Nigeria (CBN)
Securities and Exchange Commission (SEC)
Adoption leaders
Emerging & strategic
Adoption leaders
4 markets- NGNigeriaOne of the most active crypto and stablecoin markets in the world, and our deepest market. A large, mobile-first population, persistent FX pressure and a dense fintech sector drive demand for dollar-denominated rails.Deep coverage
- ZASouth AfricaThe continent's most developed financial system, with crypto asset service providers brought inside a formal licensing regime. Often the first regulated foothold for international digital asset companies.Active coverage
- KEKenyaEast Africa's reference market for mobile money, with M-Pesa at the center of everyday payments and a framework for virtual asset service providers taking shape.Active coverage
- GHGhanaA strong mobile money market with a central bank moving toward formal oversight of virtual asset providers. A frequent second step for companies already in Nigeria.Active coverage
Emerging & strategic
8 markets- ZMZambiaA Southern African corridor market where mobile money and cross-border trade flows matter, and digital asset policy is still developing.Monitoring
- UGUgandaA mobile-money-led market connected to Kenyan and regional payment corridors, with an evolving position on digital assets.Monitoring
- TZTanzaniaOne of East Africa's largest mobile money markets and a regional trade hub, where regulatory posture toward digital assets remains cautious.Monitoring
- SNSenegalA gateway to francophone West Africa. Regulation is set largely at the regional level across the eight WAEMU states, which changes how market entry works.Monitoring
- EGEgyptA large economy with major remittance inflows and a restrictive stance on crypto assets. Important for payments and remittance strategies.Monitoring
- MAMoroccoA financial bridge between Africa and Europe, moving from prohibition toward a formal framework for crypto assets.Monitoring
- MUMauritiusAn international financial centre with one of the continent's earliest dedicated licensing regimes for virtual asset businesses. Often used as a structuring base for pan-African operations.Monitoring
- SCSeychellesAn offshore jurisdiction where many global digital asset businesses are incorporated, now bringing virtual asset providers under supervision.Monitoring
Looking at a market that isn’t listed? We research new markets on request. Tell us where you’re going.