B
Evidence Grade B
Graded
accuracy verified by the review judge
Safe to Cite
Dated
$34,900,000
$34,900,000 -- peer to peer bitcoin trading volume for Nigeria (2021-05)
In May 2021, Nigeria recorded $34.9 million in peer-to-peer bitcoin trades.
- Data based solely on Paxful and LocalBitcoins exchanges
Attribution:
View source
Lighthouse Research Team
Last verified:
·
How we verify data →
Source verified
Evidence graded
Value
$34,900,000
Unit
Currency Usd
Data Vintage
2021-05
Entity
Geography
AFRICA
Evidence Quality
B
Strong, reliable evidence
Sourced from a well-regarded research firm or industry leader with transparent methodology and a reasonably large sample.
Single source - not yet corroborated
Score breakdown
Extraction
75
Source Trust
60
Citation Chain
20
Independence
30
Methodology
45
Freshness
95
Source
Paxful and LocalBitcoins
Primary
Tier B
https://bitcoinke.io/2021/07/peer-to-peer-volumes-june-2021/ ↗
Source Article
[WATCH] Nigeria Peer-to-Peer Crypto Volumes Up in June 2021 Despite Restrictions
Nigeria is by far the leading country when it comes to bitcoin peer to peer trades on the continent. In June 2021, Nigeria recorded $38 million worth of bitcoin trades up from $34.9 million in May 2021.
This is based on data from Paxful and LocalBitcoins, both leading peer to peer exchanges.
This is…
Original Research
Paxful and LocalBitcoins
· Original study ↗
Methodology
Based on data from Paxful and LocalBitcoins peer-to-peer exchanges
Methodology documented
Segmentation
Industrymarketing
RegionAFRICA
Cite this stat
Plain Text
Nigeria: $34,900,000 peer to peer bitcoin trading volume. Source: Paxful and LocalBitcoins (2021-05). Via Lighthouse Intelligence -- https://lighthousedata.io/data/nigeria-p2p-bitcoin-volume-may-2021
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<blockquote cite="https://lighthousedata.io/data/nigeria-p2p-bitcoin-volume-may-2021" style="border-left:3px solid #2563eb;padding:12px 16px;margin:16px 0;font-family:system-ui,sans-serif;background:#f0f4ff;"><strong>$34,900,000</strong> -- peer to peer bitcoin trading volume for Nigeria<br><small>Source: Paxful and LocalBitcoins (2021-05) · <a href="https://lighthousedata.io/data/nigeria-p2p-bitcoin-volume-may-2021" target="_blank" rel="noopener">Lighthouse Intelligence</a></small></blockquote>
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