Chainalysis: Sub-Saharan Africa's Crypto Market Grows 13.4% Year-on-Year

According to the "2026 Crypto Geography Report" released by Chainalysis, Sub-Saharan Africa has become the fastest-growing crypto market globally, with an annualized growth rate of 13.4% from July 2025 to June 2026, reaching a total market size of $101 billion. South Africa and Nigeria together account for over three-quarters of the region's trading volume. South Africa's crypto economy surged by 52% year-on-year to $39.3 billion, with significant growth in commercial payments and cross-border stablecoin flows, establishing itself as the regional crypto hub. Nigeria's crypto market reached $38.1 billion, ranking third globally in grassroots adoption rates, with local trading platforms absorbing half of the inflow from the country's centralized exchanges amid regulatory changes, and Bitcoin accounting for as much as 92% of small P2P transfers.