Quidax, a Nigerian startup that lets users buy and sell digital assets and provides liquidity to other startups, has expanded its business-to-business (B2B) operations across 21 corridors, including Nigeria, Ghana, and Kenya, deepening its push into stablecoin-based settlement infrastructure.
The shift toward enterprise-focused products is becoming more visible across the industry. On July 28, Luno, the UK-headquartered crypto company with a regional base in South Africa and operations in Nigeria, Kenya, and Uganda, said it would cut 20% of its global workforce as it increased its focus on institutional products and services amid weaker retail trading activity.
Bitcoin’s 24-hour trading volume on centralised exchanges currently stands at $30.43 billion, down from its $110 billion peak in November 2025, according to CoinMarketCap. Bitcoin’s market capitalisation has also fallen by about $455 billion since the start of 2026.
Prioritising other revenue streams, such as institutional infrastructure sales that typically generate more predictable revenue inflow, is a way to protect against dwindling volume on retail crypto trading.
Originally published by TechCabal.