Punch Newspapers Sections Nike Popoola Paxful, a cryptocurrency marketplace, has said it experienced a 25 per cent increase in global transactions from October 2019 to October 2020 since its five-year launch. A large proportion of the transactions was attributed to the African market, with Nigeria leading the pack, the firm said in a statement on Monday titled ‘2020 wrapped up: Paxful highlights Nigeria’s thriving crypto market’. The report noted that the crypto business had seen immense growth and investor interest since the outbreak of COVID-19, using the latest rise of Bitcoin to nearly $20,000 to buttress its point. The company, with patronage of over 620,000 active Nigerian users on its platform, said Nigerians traded around $15m worth of Bitcoin in April alone, making Nigeria the leader in the African region.