Kenya Surpasses Nigeria to become the African Country With The Highest Interest in Cryptocurrency
Kenya has the fourth-highest interest in cryptocurrency globally, a new research study by Broker Chooser has found. According to the study, only three countries — Ukraine, Russia, and the United States — have had higher searches on cryptocurrency in the last 1 year than Kenya.
The ranking of Kenya as the country with the fourth-highest searches for cryptocurrency globally means there is greater interest in Cryptocurrencies per capita in the East African state than in Nigeria and South Africa.
Furthermore, the study estimates the number of cryptocurrency owners in Kenya to be approximately 4,580,760. In terms of awareness of crypto, the study found Kenya’s score to be 5.5 out of a possible 10.
Despite the surging interest in cryptocurrencies by Kenyan citizens, authorities in the country, as well as the Central Bank of Kenya, have so far refused to recognize cryptocurrencies. This refusal and the resulting uncertainty are hampering the growth of digital assets in Kenya.
