SpaceTrade Aims to Make Spending Cryptocurrency as Seamless as Spending Naira

Nigeria's fintech platform SpaceTrade is working to simplify the process of using cryptocurrency in everyday life. The company, which began by allowing users to sell cryptocurrencies and gift cards for naira, has expanded its services to include swapping and transferring crypto, funding accounts with fiat, and converting digital assets when needed.

SpaceTrade's ultimate goal is to bridge the gap between owning a digital asset and actually using it. This includes integrating services that people already pay for regularly, such as airtime, mobile data, electricity, and cable TV. The platform also offers global eSIM services and plans to introduce naira cards and international USD cards in the future.

The company's focus on utility is becoming increasingly important as crypto matures. Nigeria ranked sixth globally in Chainalysis' 2025 Global Crypto Adoption Index, with over $92 billion in on-chain value received between July 2024 and June 2025.