Cryptocurrency platforms across Africa are rapidly improving identity verification performance as the industry moves toward stricter regulation and stronger fraud prevention.

That is a key takeaway from the State of the Crypto Industry 2026 report from crypto verification platform Sumsub. 

Sumsub’s fourth annual report reveals how crypto companies are balancing fraud prevention, regulatory pressure and user experience as they scale in 2026. 

The report draws on Sumsub’s internal data from 2024-2025 and insights from 300 crypto companies outside of Sumsub’s customer base.

Globally, 74% of crypto providers now prioritize verification accuracy over onboarding speed (39%), signaling a shift away from the “growth at all costs” model that…