Nigeria, Oct. 23 -- A new study on cryptocurrency use in Nigeria has shown that most of the country's crypto investors are young, low- to middle-income earners using digital assets not for gambling, but for survival and stability.

Reviewed by The News Chronicle, The State of Crypto Adoption in Nigeria 2025, published by Quidax in collaboration with IFS Insights, describes a market that has outgrown its speculative beginnings to become an essential part of Nigeria's financial life.

According to the findings, about 85% of Nigerian retail crypto investors earn below 250,000 per month, while students alone make up 43% of the nation's crypto population.

The survey, which involved more than 1,850 respondents across the country, estimates th...