FOR IMMEDIATE RELEASE

Major Expansion Targets 500 Million African Traders with HFT Bot Technology

SmartX Traders announced today its expansion into Africa with the establishment of a regional headquarters in Lagos, Nigeria. The move represents a major investment in serving the continent's emerging trading community and mobile-first population.

Expansion Details

  • Regional Hub: Lagos, Nigeria (West Africa)
  • Office Size: 50,000 sq ft state-of-the-art facility
  • Initial Investment: $25 million
  • Jobs Created: 500 local jobs in year 1
  • Launch Timeline: Q4 2025

African Market Opportunity

  • Population: 1.4 billion people
  • Internet Users: 500 million
  • Mobile Users: 480 million
  • Unbanked Population: 400 million with smartphones but no bank accounts
  • Target Market: 50+ million potential traders

Regional Initiatives

  • Local Currency Support: Trading in 20+ African currencies
  • Mobile Money Integration: M-Pesa, MTN Mobile Money, Airtel Money
  • Zero-Data Mode: App works on 2G networks
  • Offline Trading: Trade without internet connection
  • Local Language Support: 15+ African languages

Current African Presence

Before the expansion, SmartX already serves significant markets:

  • Nigeria: 8 million users (largest market)
  • Kenya: 3 million users
  • Ghana: 2 million users
  • South Africa: 2.5 million users
  • Other countries: 2.5 million users
  • Total African Users: 18 million

Growth Projections

With the regional headquarters, SmartX projects:

  • Year 1: 50 million active African traders
  • Year 2: 150 million active traders
  • Year 3: 300 million active traders
  • Projected Revenue: $500 million annually by 2028

Office Features

The Lagos headquarters will include:

  • Trading floor with 100+ professional traders
  • Customer support center (500+ staff, 24/7)
  • Product development hub
  • Research and data center
  • Training academy for traders
  • Regulatory and compliance team

Local Hiring and Development

  • 500+ local jobs in year 1
  • 2,000+ jobs by year 3
  • Average salary 3x local market rates
  • Management positions: 70% local hires
  • Technical talent development program

Payment and Onboarding

SmartX will support multiple African payment methods:

  • Mobile money (M-Pesa, MTN, Airtel, Vodafone)
  • Bank transfers (local and regional)
  • Crypto on-ramps (Bitcoin, Ethereum)
  • Cash deposits at partner locations
  • Zero minimum deposit: Start with $1

Regulatory Compliance

  • Licensed in 15 African countries
  • Compliant with local regulations
  • Partnerships with local banks for settlements
  • Dedicated compliance team for Africa
  • Regular audits by local authorities

Impact on African Economy

SmartX expects to contribute significantly to African economic development:

  • $5+ billion in annual trader income generation
  • Alternative income for 50+ million people
  • Youth employment and skills development
  • FinTech ecosystem strengthening
  • Foreign currency inflows

Education and Training

SmartX will establish trading academies in 10 African cities:

  • Free trading courses (online and offline)
  • Certification programs
  • University partnerships
  • Youth entrepreneurship initiatives
  • Skills-to-employment pipeline

Leadership Statement

"Africa represents the future of retail trading. With 500 million mobile users and minimal existing financial infrastructure, the opportunity to democratize wealth creation is enormous. SmartX is committed to being Africa's leading trading platform," said the SmartX Traders CEO.

Government and Industry Support

The expansion has received support from:

  • Nigerian government and SEC
  • African Development Bank
  • Pan-African fintech associations
  • Local banking regulators

Timeline

  • October 2025: Office construction begins
  • December 2025: Facility opens
  • Q1 2026: 500 employees hired
  • Q2 2026: Full operations launch

Contact

SmartX Lagos: africa@smartxtraders.com
Phone: +234 (1) 271-0100
Website: www.smartxtraders.com/africa

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