Paxful Sees 500% Trading Volume Growth in Kenya in 2020 So Far as it Celebrates 5-Year Anniversary

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Paxful has seen impressive growth in 2020 so far with Kenya being one of its top African countries with almost 500% trading volume growth.

When compared to the same time in 2019, the growth of the number of transactions has equally seen remarkable results.

SEE ALSO[WATCH] How to Buy Bitcoins in Kenya Using MPESA, Chipper Cash, and Bank Transfer on Paxful on Your Mobile Phone

In an exclusive with BitcoinKE, Paxful shared their impressive growth stats in Kenya below:

  • Trading volumes up by almost 500% in H1, 2020 vs. H1, 2019
  • Number of transactions up by 554% in H1, 2020 vs. H1, 2019
  • Number of trades hit 317, 000 in H1, 2020

According to Paxful the top African countries experiencing high trading volumes are:

  • Nigeria
  • Ghana
  • Kenya
  • South Africa
  • Cameroon

Commenting on the company’s outlook on the African market, Paxful said:

“Africa overall has tremendous potential and is critical to the future of the global crypto-economy. We’re looking to hire more employees to support the growth of our business and expand to other African countries.

As you already know, we recently hired Yvonne Kagondu as our Kenya Community Coordinator to join our efforts in bringing bitcoin to the unbanked masses across Kenya. We are still focused on investing towards education and our supporting entrepreneurs in the continent.” ~ Paxful

 

NB: To shed more light on Paxful’s activities in Kenya, BitcoinKE will be hosting the Kenya Paxful Community Manager, Yvonne Kagondu, on our weekly session on August 8, 2020.

Sign up to atted the free online event below: https://bit.ly/BitKECatapult-17

 

 

 

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