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After $205bn in transactions, Africa’s crypto growth shifts from trading to payments - BUSINESSDAY
Africa’s cryptocurrency market is entering a mature phase, pivoting from speculative retail trading to utility-driven payments as users seek workarounds for the continent’s fragmented banking system. While early adoption was dominated by retail trading and asset speculation, exchanges say the fastest growth is now coming from payment-related use cases, particularly cross-border transfers and business settlements.
Sub-Saharan Africa had recorded more than $205 billion in on-chain cryptocurrency transactions between July 2024 and June 2025,Africa’s cryptocurrency market is entering a mature phase, pivoting from speculative retail trading to utility-driven payments as users seek workarounds for the continent’s fragmented banking system.
While early adoption was dominated by retail trading and asset speculation, exchanges say the fastest growth is now coming from payment-related use cases, particularly cross-border transfers and business settlements. Sub-Saharan Africa had recorded more than $205 billion in on-chain cryptocurrency transactions between July 2024 and June 2025
