Nigerian Crypto Exchange Roqqu Now Offering Services in 28 European Countries

• Roqqu, a Nigerian crypto exchange, recently obtained a virtual currency license that allows it to offer its services in 28 European countries.
• The license allows Roqqu users, including non-Nigerians, to trade digital currencies as well as to participate in the non-fungible token (NFT) market.
• The decision to seek a Eurozone license was been influenced by users who asked the exchange to make its services available to their friends and family members who live and study abroad.

The Nigerian crypto exchange Roqqu recently announced that it has obtained a virtual currency license that allows it to offer its services in 28 European countries. This license is a major milestone for the exchange, as it is one of the first digital asset exchange platforms from Africa to expand into Europe.

The license allows Roqqu users, including non-Nigerians, to trade digital currencies as well as to participate in the non-fungible token (NFT) market. Roqqu’s CEO Benjamin Eseoghene noted that the decision to seek a Eurozone license was influenced by users who asked the exchange to make its services available to their friends and family members who live and study abroad.

Head of product at Roqqu, Israel Ololade, said the European Union license “aligns with the brand’s drive to become the number one blockchain and crypto company globally.” According to the firm’s statement, the crypto exchange’s EU license means Roqqu is one of the first digital asset exchange platforms from Africa to expand into Europe.

In their statement, the Nigerian crypto exchange also shared a few reasons which influenced its decision to seek a Eurozone license. They noted that Europe needs to catch up in terms of its global average of cryptocurrency adoption. Despite the fact that Europe has a global average of 27%, the firm noted that European crypto exchanges come with more complicated user interfaces and high fees, making it difficult for early traders to participate in crypto as much as they want.

The license granted to Roqqu is a major step for the Nigerian crypto exchange as it expands its operations and services into the European Union. The exchange’s services are now available to users in 28 European countries, and the firm hopes that this will lead to increased cryptocurrency adoption and usage in the region.