Gluwa Commits $35 Million for Indigenously-owned Crypto Exchanges in Africa

Gluwa, a US-based Blockchain tech company has committed to invest $35 million towards the growth of African crypto exchanges. This investment is aimed at helping indigenously-owned crypto exchanges in Africa.

Our proposals have been sent to the Securities and Exchange Commission (SEC), the Ministry of Finance, and the Central Bank of Nigeria. We earnestly look forward to working with them to create an environment that fosters innovation, encourages investment, and supports the growth of the Web3 industry.

We believe cryptocurrencies have the potential to transform the financial landscape in Nigeria, and the African continent. By working closely with the Nigerian government, we hope to create a policy framework that encourages the responsible and regulated use of cryptocurrencies while prioritising the protection of consumers and preventing illicit activities.

Tae Oh, Gluwa founder and CEO, Gluwa

It shows that there is growing interest and support for cryptocurrencies among businesses and investors in Nigeria. We hope that the Nigerian government will take a proactive approach to support the growth of the blockchain industry, and we look forward to working with Gluwa and other important stakeholders to achieve this goal. 

Tebogo Thobeje, Founder, Blockchain Africa Society