Quidax suspends P2P marketplace as Nigeria's crypto sandbox and licensing push slow

Nigeria's efforts to regulate its crypto and P2P trading market under the SEC's Accelerated Regulatory Incubation Program have been hit after Quidax suspended its P2P services five months after launch. The exchange, which holds a provisional license, cited user preferences while keeping instant swaps and order book trading active, as broader licensing progress and higher capital requirements challenge local platforms.