Luno has seen a new increase in new signups on its platform as Bitcoin halving draws closer.
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Just yesterday, Paxful tweet an increase in weekly trading volume coupled with an increase in new user signups from Kenya, Nigeria and Pakistan ahead of Bitcoin halving.
Today, Luno recorded a new increase in signups following a drop in system performance limiting users from processing some needed trading operations within the system.
“We’ve seen a huge influx of new users ahead of the halving Excited to see a new wave of users signing up! Please bear with us while we work through our support backlog.” — Luno Tweeted
Moreso, the coinmarketcap report for Q1, 2020 reported an increase in youth crypto adoption in Nigeria and Africa. There is alot on going in Nigeria concerning cryptocurrency adoption in Nigeria and Africa. Many youths are coming to learn to understand what is cryptocurrency.
Some analysts attributed the recent increase in ethereum to crypto adoption in Nigeria. Nigeria ranked above China on google search trends as of last month on the keyword, “Ethereum.”