As a crypto platform, part of our job is to understand what other providers are building. My team and I review public documentation, pricing, product flows, and the evidence we can verify. We give credit where it is due, and we state the limits we find. This review explains what we could confirm about Roqqu, what it does well, where it may not fit, and who should consider it.
Note that we did create an account to test Roqqu's response times, payout speed, support, uptime, and product behaviour.
Roqqu at a glance
| Legal entity | Listed as RedRaven Limited on the App Store and as Roqqu Technologies in the site footer. No registration number is published for either, and the two names do not reconcile |
|---|---|
| Launched | 2019 |
| What it is | A multi-country crypto exchange with buy, sell, swap, P2P and trading-style products |
| Platform fee | Not published |
| Payout speed | Claims naira withdrawals are processed in 30 minutes |
| Supported coins | 100+ claimed, with a homepage badge showing "+120". No itemised list is published |
| Can you buy crypto? | Yes |
| Can you swap coins? | Not published as a dedicated product |
| Can you hold USD? | Not published as a dedicated product |
| KYC | Multi-tier, including BVN and facial verification |
| Markets | Nigeria, Ghana, South Africa, Kenya, plus roughly 28 to 30 EEA countries under a European licence |
| Regulatory status | No Nigerian SEC licence. Holds a European Economic Area virtual currency licence and regulatory approval to operate in South Africa, short of a full local licence there. |
| App type | iOS and Android mobile app, plus web |
Pros and cons
Pros
- A European virtual currency licence. Granted in 2023 after what press coverage describes as a two-year wait, allowing Roqqu to operate under EEA rules across roughly 28 to 30 countries.
- Genuine multi-country reach. Nigeria, Ghana, and regulatory approval to operate in South Africa, plus Kenya through the 2025 acquisition of Flitaa.
- A genuinely broad product range. Buy, sell, swap, crypto-backed loans, savings, futures-style trading on stocks, commodities and FX, tokenized stocks, and a business API under the Qash brand.
Cons
- No Nigerian SEC licence. Reporting from August 2025 states Roqqu "is still awaiting a provisional crypto licence from Nigeria's Securities and Exchange Commission." Unlike Busha and Quidax, Roqqu is not on record as holding one.
- A core trading pair was disabled. Roqqu disabled their trading & swapping of USDT with the Naira (NGN) and encouraged users to swap their existing USDT to other cryptocurrencies on the platform.
- The 30-minute withdrawal wait time. The withdrawal is slow and not reliable to be under 30 minutes.
How Breet compares to Roqqu
Nothing switched off overnight. Breet has not disabled a core conversion pair with immediate effect the way Roqqu turned off NGN-to-USDT trading in February 2024, which means less risk of a feature you rely on disappearing without warning.
Automatic settlement instead of a withdrawal queue. Crypto converts on arrival, and cash reaches your bank without you initiating anything.
A USD wallet. You can hold value in dollars until the rate improves, without letting a bad naira day become your rate.
Free multi-currency crypto invoicing. You bill a client, and the crypto converts the moment it lands, without having to paste a wallet address into a chat and hoping.
Crypto gifting. You can send crypto to someone who has never opened a wallet, which means no walkthrough of addresses and networks.
Where Roqqu is ahead
- An international regulatory footprint. Roqqu holds a European Economic Area virtual currency licence covering roughly 28 to 30 countries. Breet's foreign registration is limited to its Canadian entity's FINTRAC money services business registration, which is a different and narrower kind of standing than an exchange licence.
- Trading-style products Breet does not offer. Futures-style trading on stocks, commodities and FX, tokenized stocks, crypto-backed loans and savings. If you want to hold and grow positions rather than cash out, Roqqu covers ground Breet does not.
- More countries served overall, once the EEA licence is counted, than any other platform in this comparison set.
Where Roqqu falls short
Scale has not translated into disclosure. It does not hold a Nigerian SEC licence. It has disabled a core conversion pair with a day's notice before, and withdrawal is slow.
