{"id":17403,"date":"2023-02-08T11:49:13","date_gmt":"2023-02-08T11:49:13","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/nigerian-city-of-lagos-among-the-worlds-top-20-crypto-hub-cities-study-featured-bitcoin-news\/"},"modified":"2023-02-08T11:49:13","modified_gmt":"2023-02-08T11:49:13","slug":"nigerian-city-of-lagos-among-the-worlds-top-20-crypto-hub-cities-study-featured-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/nigerian-city-of-lagos-among-the-worlds-top-20-crypto-hub-cities-study-featured-bitcoin-news\/","title":{"rendered":"Nigerian City of Lagos Among the World’s Top 20 Crypto Hub Cities \u2014 Study \u2013 Featured Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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According to the findings of a study by Recap, the crypto asset management firm, the Nigerian city of Lagos is ranked among the world\u2019s top 20 crypto hub cities. Besides Lagos, five more African cities, namely the Angolan city of Luanda, Nigeria\u2019s Ibadan, and three South African cities \u2014 Cape Town, Johannesburg and Pretoria \u2014 feature among the 50 top-ranked crypto hub cities.<\/strong><\/p>\n

Lagos Among Cities With Most People \u2018Working in Crypto-Based Jobs\u2019<\/h2>\n

According to the findings of a recent study by Recap, a crypto asset management firm, the Nigerian city of Lagos is the only African city that features on its list of top 20 crypto hub cities. With a total score of 261.2 points, Lagos is only outranked by 13 major cities out of the over 200 \u201cmost populated cities in the world\u201d that were surveyed.<\/p>\n

As shown by the study findings<\/a>, while the city has one of the lowest figures for crypto-related events held or the number of installed bitcoin automated teller machines (ATMs), it nonetheless boasts the highest (45%) proportion of crypto holders relative to the population size. In addition, the data shows that Lagos ranks among cities with the highest numbers of individuals \u201cworking in crypto-based jobs.\u201d Only London, Dubai, New York City, Singapore, Los Angeles, and Paris have more people working on such crypto-related jobs.<\/p>\n

While Lagos \u2014 one of Africa\u2019s most populous cities \u2014 is among the top 20 crypto hub cities, Ibadan, a city in southwest Nigeria, is ranked 24th in the world and second in Africa. According to the study data, Ibadan, whose crypto ownership rate is similar to that of Lagos, has a total score of 235.8. This score is over 10 points higher than that of the next highest-ranked African city, Cape Town (ranked 30).<\/p>\n

Two more South African cities, namely Pretoria (42) and Johannesburg (46) also feature among the list of top 50 crypto hub cities, while Angola\u2019s Luanda (38) is the sixth African city to feature on the list.<\/p>\n

According to the study findings, London is the highest-ranked city with a score of 458.5, and is closely followed by Dubai which scored 447.2. New York City (3) and Los Angeles (5) are the only U.S. cities that feature among the ten top-ranked crypto hub cities while Singapore City (4) and Bangkok (10) are the only Asian cities on the list.<\/p>\n

Register your email here to get a weekly update on African news sent to your inbox:<\/em><\/p>\n

What are your thoughts on this story? Let us know what you think in the comments section below. <\/strong><\/em><\/p>\n

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\nTerence Zimwara <\/h6>\n

\nTerence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons, ba55ey \/ Shutterstock.com<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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