Roqqu, the Nigerian Crypto Exchange Receives European Virtual Currency License

January 13, 2023

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After two years of waiting for the Nigerian crypto exchange, Roqqu received a virtual currency license for the region of European Economic Areas. With this permission, Roqqu can now operate in 30 countries, which will broaden its services to one of the world’s largest crypto markets.

This license permits Roqqu users (including non – Nigerians) to trade their digital currencies and NFTs in the market. It is reported that this Nigerian crypto exchange became the first digital asset exchange platform from Africa to expand its operations into Europe.

With further expansion and license approval, Roqqu aims to reach 5 million users in the year 2023. Thus, the company seeks to attract early traders, gain an edge over the crypto market and offer competitive fees for delivering a better experience for newcomers.

On obtaining, an EU virtual currency license, Roqqu plans to align with the brand’s drive to be the topmost blockchain and cryptocurrency company worldwide. With its expansion into Europe, the crypto exchange opens a channel to allow its Nigerian users in the diaspora to send remittances to family and friends in Nigeria.

Furthermore, in the recent reports issued by Bitcoin News, Roqqu’s CEO Benjamin Eseoghene considered expanding their operations due to the influence of users who asked the crypto exchange to deliver its services in the region. It popularly includes Nigerian friends or family members who live and study abroad.

Nigeria is considered Africa’s most populous country and the most prominent hub. The country also launched the first Bitcoin Lighting Network node to strengthen Bitcoin’s layer-2 payments network. Alongside, its central bank is also examining adopting blockchain technology for powering its central bank digital currency.

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