Nigeria’s Regulator Grants License to Local Crypto Trading Platform for First Time

The Nigerian Securities and Exchange Commission (SEC) has granted Quidax, a crypto exchange based in Africa, its first provisional operating license.

This marks a significant step in formally recognizing and regulating the country’s digital asset industry.

The SEC’s approval allows Quidax to operate as a registered crypto exchange in Nigeria.

The founders of Quidax see this as a positive development for the Nigerian crypto community, as it will encourage further innovation and growth.

Buchi Okoro, the CEO and co-founder of Quidax, expressed appreciation for the SEC’s new leadership under Emomotimi Agama, and their efforts to bring structure, confidence, and protection to the Nigerian crypto industry.