African Stablecoin Economy · Venues

Venue Directory

Data through 2026-10-11

VALR & Luno: $24.97B in large flows not counted Why?

VALR & Luno are South African exchanges that route their own market-making liquidity through the same per-client deposit boxes. We publish customer deposits — boxes under $1M lifetime — and set aside the larger boxes as ambiguous: at that size we can’t reliably tell a genuine large customer from exchange-sourced liquidity. These flows are excluded from the Stablecoin Book and B2B figures, but remain visible for review.

408 addresses · 154,031 deposits

24 venues · 1 business-only on B2B

shared rail or split under reviewrails not its owntap· hover a dot for detail

+ $23.20B large flows not counted

+ $1.77B large flows not counted

ObiexExchange$1.79Bsince Sep 202116,997🇳🇬🇬🇭🇨🇲+13.60%02

VALRExchange$549.60M+ $23.20B large flows not counted82,851🇿🇦🇳🇬-21.60%03

LunoExchange$330.70M+ $1.77B large flows not counted45,837🇿🇦🇳🇬🇰🇪🇺🇬+1-10.20%04

QuidaxExchange$327.76Msince Jul 202151,667🇳🇬🇬🇭🇰🇪+37.70%05

MonicaOfframp$193.21Msince Mar 202471,811🇳🇬+24.80%06

BushaExchange$146.72Msince Jun 2020105,514🇳🇬🇰🇪+13.40%07

SpendaOfframp$99.70M176,280🇳🇬+34.00%08

Chipper CashNeobank$84.34M48,662🇳🇬🇬🇭🇺🇬🇿🇦+2-37.20%09

DivestOfframp$83.19Msince Jul 202416,110🇳🇬🇬🇭🇿🇦-4.50%10

Grey FinanceNeobank$79.20M56,185🇳🇬🇰🇪🇬🇭🇲🇦+2+4.90%11

RoqquExchange$60.60M126,760🇳🇬🇬🇭🇰🇪🇿🇦-2.10%12

BreetOfframp$33.75M18,028🇳🇬+25.00%13

JeroidOfframp$30.45Msince Nov 20258,062🇳🇬+5.50%14

Daya ProExchange$27.21M153🇳🇬+135.60%15

Onboard GlobalNeobank$22.48M9,215🇳🇬🇰🇪🇺🇬+344.60%16

AccrueNeobank$17.16M5,336🇳🇬🇬🇭🇰🇪🇿🇦+11-46.00%17

RaenestNeobank$6.29M4,037🇳🇬🇲🇦🇰🇪🇬🇭+1+24.90%18

TimonNeobank$5.75M7,226🇳🇬🇰🇪🇬🇭🇿🇦+12+36.50%19

AzzaOfframp$5.63M3,468🇳🇬🇰🇪🇿🇦🇬🇭-27.90%20

Paj CashOfframp$2.73M2,777🇳🇬-85.10%21

Bayse MarketsPrediction$1.43M2,714🇳🇬-2.30%22

EvolutionNeobank$1.24M1,584🇳🇬-40.00%23

SFxNeobank$1.20M1,220🇳🇬🇬🇭🇰🇪🇹🇿+3+201.80%24

PayritNeobank$258.52K215🇳🇬+38.50%

Method. Deposits inside the retail size band. Venues that serve individuals only are shown at full deposit volume — the engine is not applied to them. Only verifiable deposit addresses with at least one recorded deposit are counted; registry-named entities and each venue's own operational wallets are excluded before classification. Live warehouse values as at 2026-10-11. Read the methodology.