Yellow Card
A cryptocurrency exchange that allows users to buy and sell Bitcoin and other cryptocurrencies using local currencies. It aims to make crypto accessible in Africa.
- Trade cryptocurrencies with local currencies
- Access a secure platform
- User-friendly interface
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Overall score: 3.00 / 5
Latest News
African crypto-focused fintech Yellow Card has brought on Ross Everett, who previously worked at UK challenger bank Monzo, to serve as its inaugural Group CFO. The hire signals the company's push toward stronger financial leadership and governance as it scales its operations across the continent. Bringing in talent with experience at a major European digital bank suggests Yellow Card is aiming to professionalize its finance function in line with global fintech standards.
For consumers: this leadership addition could point to greater financial oversight and stability at Yellow Card, potentially supporting more reliable service as the platform grows.
Yellow CardYellow Card explained that closing its retail crypto trading platform reflects a deliberate move toward serving businesses with stablecoin infrastructure rather than individual traders. The company stated the change stems from its own strategic priorities, not pressure from Nigerian regulators. This signals a broader industry trend of crypto firms focusing on enterprise-level payment rails instead of direct consumer trading services.
For consumers: if you previously used Yellow Card to buy or trade crypto directly, you'll need to find an alternative platform since the company is stepping back from serving individual retail users.
Kenya is rolling out a formal licencing system for crypto companies, requiring major players like Binance, Luno, and Yellow Card to register with regulators. This brings the country's large but previously unregulated digital asset sector under joint supervision by its capital markets and central bank authorities. The move puts Kenya among a small group of African nations, including South Africa, Mauritius, and Botswana, that have established clear rules for crypto businesses.
For consumers: having licenced platforms means greater accountability and legal protection when buying, storing, or trading digital assets in Kenya.
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