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Will Nigeria grant another local crypto exchange license by June 30, 2025?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcement from Nigeria's Securities and Exchange Commission or a reputable financial news outlet
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Nigeria Grants First Local Crypto Exchange License to Quidax
Aug 27, 2024, 03:09 PM
Nigeria's Securities and Exchange Commission has granted a provisional operating license to Quidax, marking it as the first local cryptocurrency exchange in the country. This move allows Nigerian citizens access to crypto trading through a regulated platform. The CEO of Quidax praised the government for its support of innovation, highlighting a shift from previous punitive measures to a more supportive regulatory environment. This development is seen as a positive step towards fostering innovation and capital in Nigeria's crypto sector.
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