[WATCH] In 2020 We Got Over 10, 000 New Users From Ethiopia – a 500% Growth from 2019 – Says LocalBitcoins

0
530
JOIN US ON TELEGRAM

In a recent BitKE webinar, LocalBitcoins has revealed that it gained over 10, 000 new users in Ethiopia which was a 500% growth in user numbers compared to 2019.

LocalBitcoins is one of the largest P2P Bitcoin marketplaces in Africa and East Africa is showing impressive growth in both new users and trading volumes.

___________________________________________________________________

SEE ALSO[WATCH] Kenya is a Key Market for Us with Over 17, 000 Kenyans Regularly Trading as of February 2021, Says LocalBitcoins

___________________________________________________________________

While Kenya dominates in East Africa, both in users and volumes, below are just some of the growth numbers on LocalBitcoins in East Africa in 2020:

  • Kenya – 50, 000 new users (Over 100% YoY)
  • Ethiopia – 10, 000 new users (500% YoY)
  • Uganda – 5, 000 new users (30% YoY)
  • Tanzania – 10, 000 new users (30% YoY)
  • South Sudan – 295 new users
  • Somalia – 2, 000 new users (from almost 0)

On average, about $35 million is transacted on LocalBitcoins across Africa with Kenya being the second-largest market for LocalBitcoins on the continent.

___________

NB: Look out for the full webinar video dropping soon on BitKE

___________________________________________________________________

RECOMMENDED READING: [WATCH] The President of Tanzania Urges the Central Bank of Tanzania to Prepare and Start Looking into Cryptocurrencies

___________________________________________________________________

Follow us on Twitter for latest posts and updates

Join and interact with our Telegram community

_____________________

Subscribe to the channel below to keep updated on latest news on video:

____________________________________________________________________

Start trading bitcoin today from as low as $10.

Open a LocalBitcoins Trading Account to get started!

____________________________________________________________________

LEAVE A REPLY

Please enter your comment!
Please enter your name here