- The P2P volumes in the region have trended downwards over the last year.
- The volumes have been on a solid uptrend the last year.
- Nigeria dominates in the region. In the aftermath of the short lasted Nigerian bitcoin ban, the Nigerian P2P volumes rose by approximately 40%, from $6m per week to $8.5m per week.
- Kenya and Ghana have also seen significantly rising P2P volumes, while South Africa also substantially contributes to the region's volume.
- The P2P volumes are trending upwards but are still far behind its 2017 peak.
- The Indian P2P volumes are growing significantly, sitting at around $5 million, amid rumors of an Indian crypto ban.
- Trending upwards, mainly driven by a considerable growth in the Colombian market.