Roqqu Gets European Union Virtual Currency License As Crypto Exchange

The Nigeria-based cryptocurrency exchange Roqqu was currently granted a European Union (EU) digital currency license, enabling it to provide its services to users in 28 European countries, a declaration released via the company has said. The license allows Roqqu users, including non-Nigerians, to trade digital currencies as properly as to participate in the non-fungible token (NFT) market.

According to the 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 a statement, the Nigerian crypto exchange also shared a few reasons which influenced its selection to seek a Eurozone license.

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“In our research, we found that Europe wants to catch up in terms of its global average of cryptocurrency adoption. They crawl globally with an average of 27%. European crypto exchanges come with more complicated user interfaces and high fees, making it tough for early traders to participate in crypto as lots as they want,” the statement said.

In a current interview with News, the crypto exchange’s CEO Benjamin Eseoghene recommended the choice to extend into Europe was been influenced by users who requested Roqqu to consider making its services “available to their friends and family members who stay and study abroad.”

Meanwhile, Israel Ololade stated the EU license “aligns with the brand’s drive to become the number one blockchain and crypto company globally.” In addition, Roqqu’s enlargement into Europe opens a channel that allows Nigerians in the diaspora to seamlessly send remittances to family and friends in Nigeria, Ololade added.

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