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Crypto�s popularity is growing in Europe, North America, Asia and South Africa as well. The crypto market has experienced price downturns this year, and despite this, the crypto space continues to welcome more and more investors and enthusiasts.
Cryptocurrency in South Africa
The South African economy has not had the easiest fate this year. The rand fiat currency has a six-month low in June, and this happened while massive selloffs took place in the emerging markets.
This resulted in the fact that lots of South Africans have increased their focus on crypto being primarily interested in Bitcoin.
The country just got its first multi-currency crypto ATM and besides this Bitcoin is still popular here. South Africa is ranked as the country which has the highest Internet searches for Bitcoin.
Bitcoin exchange services here are flaunting record levels of patronage. Firms such as Paxful and Luno are allowing people to deal Bitcoin. Luno is a crypto exchange platform that offers BTC/rand and ETH/rand pairs.
Platforms such as Coindirect enable people to trade Litecoin, Bitcoin Cash, and Ripple. The exchange also offers ERC20 standard ICO tokens.
Sygnia is an asset management firm that prepares to launch a crypto trading platform in the country, and the CEO stated that it would be called SygniaCoin and it will provide more services besides dealing virtual assets. They plan to upgrade the crypto space in South Africa.