Nigeria settled the question at the level of statute. The Investments and Securities Act 2025, gazetted on 2 May 2025, writes “virtual and digital assets” into the definition of securities, and it gives the Securities and Exchange Commission the job of registering and regulating virtual and digital asset exchanges, virtual asset service providers and digital asset operators. So holding and trading crypto is lawful, and the earlier posture — in which the Central Bank told banks not to service crypto businesses — has been replaced by a framework in which the activity is regulated.
A perpetual on SKHX tracks price and does not confer ownership of the underlying — the same contract mechanics apply in every jurisdiction; what differs by country is legal status and funding rails.
2 venues open SK hynix perps to traders in Nigeria.
HyperliquidFour steps from sign-up to an open position.
Capital Gains Tax applies at a flat rate of 10% on all gains from cryptocurrency disposals for individuals.
Trading SKHX from Nigeria: legal.
From Nigeria, you can fund an SK hynix position using Bank Transfer, Debit Card and Mobile Money (PalmPay, Kuda).
Canborsa offers up to 20x leverage on SK hynix for traders based in Nigeria.
On Canborsa, SK hynix trading from Nigeria costs 0.07% per side.
Perpetual markets for stocks, gold, indices and pre-IPO names — settled on-chain, no wallet-to-exchange transfers.
Robinhood Chain
