Report: Over 100,000 African Youths Have Participated in Binance’s Crypto Education Initiative

According to reports, over 100,000 African youths have taken part in Binance’s crypto and blockchain education barely a year after the learning program was launched. Dubbed the Binance Masterclass, the education initiative is aimed at equipping newcomers with basic knowledge about cryptocurrencies.

Also, as one report explains, the initiative seeks to stop young African traders from becoming victims of cryptocurrency scam tactics. The report said:

The Masterclass is primarily aimed at helping crypto newbies (learn) how to identify scams, buy and sell crypto as well as the more advanced concepts such, margin and futures trading as they get started on their crypto journey.

In addition, the report also quotes Emmanuel Babalola, a director at Binance Africa, explaining how the learning course is being used to prepare African youths “for career opportunities in the [crypto] market.”

“Africa is a very important market for Binance because we see the profound opportunity blockchain brings to the entire continent,” Emmanuel Babalola, a director at Binance Africa explained.

A myriad of reports has shown throughout 2021, that Africa is leading the world in terms of peer-to-peer trading volume in regions like Nigeria, Kenya, South Africa, and Ghana.

Launched in the Nigerian city of Benin in late January 2020, the six-hour intensive seminar “included a comprehensive crash course into understanding bitcoin, blockchain and trading.”

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However, for the latest Binance classes, students went through a training course that ran for eight weeks between January and March 2021. This series would be “concluded with a demo show where 10 groups, comprising five developers each, showcased their applications.”

What do you think of Binance’s crypto education series? Tell us what you think in the comments section below.

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