- The African youth alone are enough to insanely stretch the profit margins of crypto trading platforms.
- Currently, there are over 150 Binance Angels from Africa and a community manager in almost every country.
- In Nigeria alone, the country with the highest number of cryptocurrency traders and a population of 214 million, 50 per cent of the population lies under the age of 20.
Blockchain best suits Africa because of the challenges the continent is facing. The northern part of the globe does not have as many security concerns as Africa, with most countries experiencing rising inflation and government centralization. The establishment of blockchain relevance in the continent will create a direct proportionality to cryptocurrency relevance.
That is why every other crypto company is setting its ground in Africa. In particular, Binance is working extra hard to establish dominance in Africa. This year alone, the largest cryptocurrency trading platform has toured over 20 countries in the continent.
Binance has been riding on three hashtags; #Binancemeetup, #Binancecampusprogram, and #BinanceinAfrica. Why has Binance invested in educating the masses on crypto, and why concentrate more on universities?
Binance invests in educating university students
According to the United Nations, 70 per cent of Africa’s population is under the age of 35 years. UN reports that by 2030, 75 per cent of the world’s youth will be in Africa. In Nigeria alone, the country with the highest number of cryptocurrency traders and a population of 214 million, 50 per cent of the population lies under the age of 20.
The majority of the youth who are dealing with cryptocurrency are mainly in universities. Another advantage of these institutions is that they have students spread from all over the country. Educating them in school guarantees that the information will spread even to remote areas physically inaccessible to Binance. The African youth alone is enough to insanely stretch the profit margins of crypto trading platforms.
Read: Understanding BTC dominance and price to leverage against the crypto market
In perspective, let us look at the countries Binance has toured in Africa.
Binance in Kenya
In the last year, Binance has set up over 10 events in Kenya spread in universities and major town halls of Kisumu, Mombasa, Nairobi, Meru, Nyeri, Eldoret and Nakuru. Among the Universities in the country that Binance has toured include:
- The Technical University of Kenya- Biashara week, June 2022. Over 300 students training on cryptocurrencies and blockchain.
- Jomo Kenyatta University of Agriculture and Technology, September 2022- First major educational university event. More than 3000 students attended.
- Kenyatta University and University of Nairobi, November 2022. Over 6000 students taught on blockchain and Web3.
Here is a complete list of all the countries and towns that Binance has, or is yet to tour.
|TOWN (Country)||DATE||ATTENDEES (+)|
|Dar es Salaam (Tanzania)||February 2,2023||100|
|Lagos (Nigeria)||January 20, 2023||250|
|Machakos (Kenya)||January 7, 2023||100|
|Nakuru (Kenya)||January 9, 2023||100|
|Kampala (Uganda)||December 10, 2022||120|
|Hoima District (Uganda)||November 29, 2022||150|
|Jinja (Uganda)||December 6, 2022||70|
|University of Ibadan (Nigeria)||November 19, 2022||350|
|Kisumu (Kenya)||February 16, 2023||200|
|Nyeri (Kenya)||February 2, 2023||150|
|Calabar (Nigeria)||February 11, 2023||250 (800,000 online)|
|Dodoma (Tanzania)||February 14, 2023||200 (300,000 online)|
|Ekiti (Nigeria)||January 31, 2023||65|
|Freetown (Seirra Leone)||February 25, 2023||300|
|Caira (Egypt)||March 10, 2023||–|
|Sunyani (Ghana)||January 21, 2023||250|
|Senegal||February 25, 2023|
|Burkina Faso||February 21, 2023|
|Togo||January 28, 2023|
|Benin||February 31, 2023|
|Cameroon||March 10, 2023|
|Cote D’Ivoire||April 15, 2023|
|Congo||March 25, 2023|
|Madagascar||March 4, 2023|
It is clear that it is Binance’s intention to cross into every country in Africa and set their base there. Currently, there are over 150 Binance Angels from Africa and a community manager in almost every country.