What ZONEX does

ZoneX Technologies Limited is a Nigeria-based cryptocurrency exchange platform founded in 2025 and headquartered in Victoria Island, Lagos. The company operates a mobile-first product that enables individual users in Nigeria to buy, sell, and trade supported digital currencies, convert crypto to cash instantly, and use peer-to-peer exchange functionality, with distribution through iOS and Apple App Store and Google Play Store channels. The platform consists of three core products: the ZoneX App (mobile application), the ZoneX Platform (web-based trading interface with market depth charts and trade history), and ZoneX Wallet Services (hosted digital currency wallet for deposits, withdrawals, and storage).

Underlying technology includes a proprietary high-performance matching engine for trade execution, hosted wallet infrastructure, anti-market manipulation and anti-money laundering controls, two-factor authentication, KYC verification, real-time market data and news feeds, and portfolio tracking. The platform is currently restricted from users in the United States. ZoneX Technologies Limited is privately held with no disclosed institutional investors, venture funding, or equity structure available in the source data.

ZoneX generates revenue through three transaction-based streams: fees on cryptocurrency transactions, fees for hosted wallet services (deposits, withdrawals, and storage), and fees on credit card purchases of cryptocurrency. Pricing is not publicly disclosed and fees are charged at ZoneX's discretion as part of the processed transaction amount. The go-to-market is product-led growth via mobile app stores with content marketing support through the ZoneX blog, and the company has stated partnerships with unnamed financial and payment service providers to facilitate fiat payments. The primary customer segment is individual Nigerian crypto traders and digital currency users; there is no evidence of enterprise or institutional customers.

Name

ZONEX

Legal name

ZoneX Technologies Limited

Website

https://zonexapp.com

Company type

Private

Founded year

2025

Operating status

Operating

Headcount range

11–50 employees

Short description

ZoneX Technologies Limited is a privately held, Nigeria-based mobile cryptocurrency exchange founded in 2025, enabling individual Nigerian users to buy, sell, trade, and store digital currencies and convert crypto to cash via iOS and Android apps.

Ownership category

akta.pro rank

Product category

Cryptocurrency Exchange

NAICS

Securities and Commodity Exchanges (523210)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Centralized Crypto Exchanges (CEX) (FSAPADAA)

akta.pro secondary industries

Spot Crypto Exchanges (Order-Book & Matching Engine) (FSADAAAA), Crypto Custody & Exchange Wallet Services (Integrated) (FSADAAAG), Fiat On/Off-Ramps & Payment Rails (Exchange-Operated) (FSADAAAF)

Keywords

• Cryptocurrency exchange
• Digital wallet services
• Peer-to-peer trading
• Mobile crypto trading
• Crypto-to-cash conversion

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Transaction Fees: Fees charged on cryptocurrency transactions initiated through the platform. ZoneX charges transaction fees at its discretion when users initiate Digital Currency Transactions. The fees form part of the transaction amount being processed.
2. Wallet Services Fees: Fees associated with digital currency wallet operations including deposits, withdrawals, and storage services
3. Credit Card Purchase Fees: Fees charged when users purchase cryptocurrency using credit cards on the platform

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

ZoneX is a mobile-first cryptocurrency exchange platform that enables users to buy, sell, and trade supported digital currencies with instant crypto-to-cash conversions. It provides hosted digital currency wallet services for sending, receiving, and storing crypto assets, alongside P2P exchange capabilities and a proprietary high-performance matching engine. The platform emphasizes secure end-to-end transactions without third-party involvement, real-time market data, and KYC/AML compliance for Nigerian crypto traders.

Product overview

ZoneX is a cryptocurrency exchange platform operated by ZoneX Technologies Ltd. The offering consists of a unified product portfolio centered on the ZoneX App (mobile application for iOS and Android) and the ZoneX Platform (web-based trading interface), supported by ZoneX Wallet Services for digital currency storage and transactions. Users can access P2P exchange services, real-time market data, portfolio management, and trade history. The ZoneX Blog provides supplementary educational content. The platform emphasizes secure end-to-end transactions, fast conversions, KYC compliance, and anti-fraud mechanisms.

Differentiator

Problem solved

Functional benefit

Products and services

• ZoneX App

Segments2 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

One partnership is on record.

• Financial/Payment Service ProvidersminorOthersZoneX partners with financial and payment service providers to enable users to make payments through the platform. ZoneX may share user identity and banking information with these partner financial institutions to facilitate transactions. These partners are not specifically named in the sources.

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Coinbase: US-listed global crypto exchange offering spot, custody, and wallet services. Comparable in core exchange-plus-wallet product stack and in regulatory approach, though serving broader geographies.
• Kraken: Global crypto exchange offering spot, staking, and OTC services with a strong security brand. Comparable to ZoneX in operating a CEX with custody/wallet and matching engine, though at much greater scale.
• Bybit: Global crypto exchange expanding into African markets with spot, derivatives, and copy trading. Comparable in product scope (matching engine, mobile app, P2P) and acts as a major competitor in the region.
• Binance: Global crypto exchange with very high Nigerian retail penetration via P2P and mobile app. Dominant incumbent whose breadth, liquidity, and brand ZoneX must compete against despite recent regulatory friction in Nigeria.

Direct peers

• Yellow Card: Pan-African crypto exchange and on/off-ramp provider operating across Nigeria and other African markets. Comparable to ZoneX in retail fiat-to-crypto conversion focus across Africa.
• NoOnes (formerly Paxful): Global P2P crypto marketplace with strong Nigerian user base and local payment methods. Comparable to ZoneX's P2P exchange capabilities and Nigerian retail focus.
• Quidax: Nigerian-licensed crypto exchange and liquidity provider offering spot trading, wallet services, and a B2B API. Closely comparable to ZoneX in serving Nigerian retail users with naira rails and integrated wallet.
• Roqqu: Nigerian-headquartered crypto exchange offering mobile trading, P2P, and copy trading for retail users. Directly comparable peer in the Nigerian retail crypto segment ZoneX targets.
• Luno: Established crypto exchange with deep operations in Nigeria and South Africa, offering a mobile app, spot trading, and naira on/off-ramps. Directly competes with ZoneX for Nigerian retail crypto traders.

Regional players

• Bitnob: Africa-focused fintech offering crypto on/off-ramps, savings, and payments across Nigeria, Ghana, Kenya, and South Africa. Comparable as a regional player building African crypto and fiat-rail infrastructure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights6 records

Customer concentration

• Xx.com/getzonex

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ZONEX