A report by Bitget Exchange showed that since 2023, the number of Africa-based Telegram communities discussing digital assets have expanded by 189%, reaching over three million users who are primarily young, tech-savvy, and eager for new economic avenues.
This trend is fueled by limited traditional banking options, economic instability, and an openness to digital finance—creating a fertile environment for businesses to connect with this demographic through financial literacy and blockchain-based solutions.
Leveraging platforms like Telegram to create engaging, trustworthy communities can drive digital asset adoption and even encourage financial inclusion. Africa’s digital finance landscape is evolving quickly with the adoption of stablecoins, DeFi (decentralized finance), and peer-to-peer platforms.
Nigeria and South Africa lead in digital asset adoption, with Nigeria second globally, a trend largely enabled by young people who see cryptocurrency as a solution to bypass banking restrictions and hedge against currency devaluation.
The report also projects that by 2025, over 54 million Africans will be using digital assets. With ongoing and expected growth in mind, there is an apparent space for investment in educational platforms, secure trading infrastructure, and community-building tools.
Regulatory uncertainty and security concerns can even create openings for entrepreneurs who can build trust-based platforms and educational resources.
