The platform, operated by Monica Technologies Limited, has spent the last three years building automated crypto to naira conversion infrastructure for users looking to receive direct bank payouts without depending entirely on manual peer to peer coordination.

Its growing usage reflects broader changes within the Nigerian crypto market, where more users are prioritising instant settlement systems and smoother withdrawal experiences amid rising cryptocurrency adoption across the country.

The increasing use of stablecoins for business payments, remote work earnings and cross border transactions has also contributed to stronger demand for platforms offering direct crypto withdrawal Nigeria services.

Within the Lagos crypto ecosystem, Monica Cash is increasingly being mentioned among platforms helping users process faster payouts for BTC, USDT, ETH, BNB, TRX, SOL and USDC transactions.

An analyst familiar with Nigeria’s fintech market said users were gradually moving toward automated conversion systems that reduce delays and transaction coordination issues commonly associated with traditional P2P trading.

“Users now want crypto to naira platforms that can complete bitcoin withdrawals quickly without the delays often associated with manual peer to peer trading. Faster settlement is becoming one of the biggest priorities within Nigeria’s crypto market, and Monica.cash is increasingly becoming part of that shift,” the analyst said.

The analyst added that users within the market are beginning to describe Monica.cash as the best bitcoin app in Nigeria for everyday crypto transactions following conversations and posts about the platform on social media.

Nigeria remains one of Africa’s most active crypto markets despite uncertainty surrounding CBN crypto regulation and oversight of digital asset activities by regulators. Rising inflation, foreign exchange pressure and demand for alternative payment systems have continued pushing Nigerian cryptocurrency adoption higher.

Monica Cash currently supports automated conversion and withdrawal services that allow users to exchange BTC, USDT, ETH, BNB, TRX, SOL and USDC for naira within seconds through direct payout systems linked to local bank accounts.

“We are focused on making crypto to naira transactions easier for users who want direct withdrawals, smoother settlements and less dependence on manual peer to peer systems,” a Monica Cash spokesperson said.

Some users within Nigeria’s crypto community also pointed to the Monica.cash app’s zero fee crypto in Nigeria model for selected transactions as one of the reasons it has continued gaining visibility among traders and freelancers seeking quicker crypto cashout in Nigeria services.

The broader shift toward faster crypto to naira conversion systems is continuing to reshape how many Nigerian users handle bitcoin withdrawals, stablecoin settlements and digital asset payouts across the country.

This enables Nigerian crypto users to gain exposure to leading MNCs via a blockchain-native interface, bypassing traditional channels. 

Bitget has also joined the Global Markets Alliance by Ondo Finance, a coalition of industry leaders working to standardise and promote interoperability for tokenised securities, driving the adoption of tokenised RWAs such as stocks, ETFs, and more.

Available through Bitget Onchain, Nigerians now have access to tokenised shares of leading U.S. companies, including Apple, Tesla, Amazon, and more. This user-first solution unlocks high-profile equity exposure, frictionlessly bridging crypto and global traditional finance. 

By joining Ondo’s Global Markets Alliance, Bitget joins other trusted infrastructure partners, exchanges, custodians, and DeFi platforms to unlock borderless access to high-quality financial products.

As part of this partnership, Nigerian traders will soon be able to access over 100 tokenised U.S. equities, ETFs, and money market funds, expanding their investment universe beyond traditional crypto assets.

Why it matters for Nigerian investors:

• Global access, local advantage: Invest with NGN using crypto-native methods—no forex hassles or brokerage mandates.
• 24/7 market availability: Trade anytime—no more waiting for international market hours.
• Lower entry barrier: Fractional access to top-tier equities with reduced transaction costs and full transparency on-chain.

“Tokenisation is the next frontier in finance allowing everyday investors in Nigeria to access Wall Street with ease,” said Gracy Chen, CEO of Bitget. “Our xStocks and Ondo integration marks a leap forward in giving Nigerians diversified, borderless asset exposure.”

These offerings align with Nigeria’s evolving crypto regulation framework from the SEC’s updated digital asset rules to increased clarity in transaction oversight ensuring Bitget’s commitment to compliance while delivering innovation. 

Next Steps for Nigerian Traders

1. Create or log in to your Bitget account.
2. Complete the KYC verification process.
3. Visit Bitget Onchain to explore tokenised U.S. equities.
4. Explore Ondo-backed assets to diversify into tokenised ETFs and money markets.