South Africa Cryptocurrency Market Revenue Expected to Reach $246 Million by 2024
South Africa was the first African country to license cryptocurrency exchanges.2021 The country explored a separate regulatory framework for cryptocurrencies in 2021 and plans to implement it by 2022, with the goal of having final regulations in place that year. According to a report by Statista, the South African cryptocurrency market is projected to reach revenues of $246.0 million in 2024, growing at a CAGR (compound annual growth rate from 2024-2028) of 7.86% to reach $332.9 million by 2028.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Dow Jones and S&P 500 futures turn higher, Nasdaq futures fall 0.1%
Sun Wukong surpasses 2 billions USDT in trading volume within one week of launch, with liquidity depth tripling
UBS upgrades its rating on the US stock market to "attractive"
Trending news
MoreCrypto prices
More








