According to the findings of a study, the Nigerian city of Lagos is ranked among the world’s top 20 crypto hub cities. Besides Lagos, five more African cities, namely the Angolan city of Luanda, Nigeria’s Ibadan, and three South African cities — Cape Town, Johannesburg, and Pretoria — feature among the 50 top-ranked crypto hub cities.
Lagos Among Cities With Most People ‘Working in Crypto-Based Jobs’
According to the findings of a recent study, 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 “ utmost populated cities in the world ” that were surveyed.
As shown by the study findings, while the city has one of the smallest numbers for crypto-related events held or the number of installed bitcoin automated teller machines (ATMs), it nonetheless boasts the topmost (45) proportion of crypto holders relative to the population size. In addition, the data shows that Lagos ranks among cities with the topmost figures of individuals “ working in crypto-grounded jobs. ” Only London, Dubai, New York City, Singapore, Los Angeles, and Paris have more people working on similar crypto-related jobs.
While Lagos — one of Africa’s most populous cities is among the top 20 crypto hub cities, Ibadan, a city in southwest Nigeria, is ranked 24th in the world and alternate in Africa. According to the study data, Ibadan, whose crypto ownership rate is such as that of Lagos, has a total score of 235.8. This score is over 10 points advanced than that of the coming topmost-ranked African city, Cape Town (ranked 30).
Two further South African cities, namely Pretoria (42) and Johannesburg (46) also feature among the list of top 50 crypto hub cities, while Angola’s Luanda (38) is the sixth African city to point on the list.
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 47.2. 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.
(Terence Zimwara, Bitcoin.com, 2023)