South Africans are buying a lot of cryptocurrency

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Major South African cryptocurrency platforms like Revix, Luno, VALR, and AltCoinTrader have seen explosive growth in the past year.

While Bitcoin’s slump and bearish price action have caused a drop-off in South Africans buying cryptocurrency, the surge in users and trading volumes during the past year was astronomical.

“The first few months of the year are also usually the slowest when dealing with retail investors as people have less discretionary income after the holiday season.” “A few traders on Luno drive volume, and it’s not indicative of the increasing involvement of South Africans in crypto,” Reitz stated.It grew from 9 million to 10 million in six months, and around 400,000 of these were based in South Africa.

 

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don't we have enough scammers in government? people are desperate to get rich quick - ponzi schemes like shitcoins are just luring in the people with the most to lose ):

smart people...

I'm not. JustSaying

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