Fun

Report: Kenya Has Fourth-Highest Interest in Cryptocurrency Globally

News Feed - 2021-10-13 05:10:13

Report: Kenya Has Fourth-Highest Interest in Cryptocurrency Globally


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 for cryptocurrency in the last 12 months than Kenya. Crypto Searches in Kenya Highest in Africa


According to a Citizen newspaper report, searches for cryptocurrencies originating from Kenya during the twelve-month period topped 99,810. Alternatively, this means there was an equivalent of 18 searches per 10,000 people during this period.


The ranking of Kenya as the country with the fourth-highest searches for cryptocurrency globally means there is greater interest 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. As previously reported by Bitcoin.com News, this refusal and the resulting uncertainty are hampering the growth of digital assets in Kenya.


Do you agree with the findings of this study? Tell us what you think in the comments section below. Nigeria Central Bank Governor Says CBDC Launch Just "a Couple of Days" Away EMERGING MARKETS | 3 days ago Local Experts Say Zimbabwe Not Softening Its Stance on Cryptocurrency Just Yet EMERGING MARKETS | 6 days ago Tags in this story central bank of Kenya, Crypto regulation, Cryptocurrency, cryptocurrency awareness, cryptocurrency growth, cryptocurrency searches


Image Credits: Shutterstock, Pixabay, Wiki Commons, Boumen Japet Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments

News Feed

Robinhood Raises $323 Million, Still Worth Less Than Coinbase
Robinhood has raised a colossal $323 million in its latest funding efforts, making the millennial-focused stock-and-crypto trading app worth approximately $7.6 billion. Despite its mainstream appeal, the “no commis
Ezra Reguerra14 hours agoCoinbase CEO to Americans: Urge reps to vote ‘Yes’ on crypto regulatory clarity billsBrian Armstrong said that voting Yes to the bill would protect innovation and national security in the Uni
Gareth Jenkinson10 hours agoPerfect storm for undervalued ASICs: Blockstream plans $50M raise to buy minersBlockstream intends to buy and store ASIC mining hardware ahead of Bitcoin’s halving in 2024.2762 Total views14
Crypto Market Enters Step 2 Of Benjamin Cowen’s Guide For 2025, What’s Next On The List?
Este artículo también está disponible en español. According to a recent analysis by Benjamin Cowen, CEO and Founder of ITC Crypto, the crypto market has entered “Step 2
Nearly every token Binance listed in 2024 is now bleeding red — Coin98
Alex O’Donnell3 hours agoNearly every token Binance listed in 2024 is now bleeding red — Coin98Part of the problem is the airdrop model for token distributions, which has grown in popularity in recent years.535 Total
Shiba Inu Burn Rate Crashes 82% Despite Recovery, Can SHIB Price Still Make It To $0.00008 ATH?
Este artículo también está disponible en español. The Shiba Inu burn ratefaces new challenges, as it has recorded a massive 82% decrease. This decline comes amid a period
Derek Andersen2 hours agoPro-crypto RFK Jr. leaves Democrats to campaign for U.S. president as independentRobert F. Kennedy Jr. is starting his presidential candidacy as an independent with a strong showing of 19%, accor
Memecoins are a ‘cornerstone’ of crypto — Galaxy’s Novogratz
Ciaran Lyons2 hours agoMemecoins are a ‘cornerstone’ of crypto — Galaxy’s NovogratzGalaxy Digital CEO Michael Novogratz has hailed memecoins as the “most powerful narratives out there,” but others in the cryp
Massive Dogecoin Rally Incoming? Experts Point To Over 1,000% Upside
Este artículo también está disponible en español. As we enter January 2025, Dogecoin (DOGE) is once more piquing the interest of investors and crypto aficionados. With a
Biggest Movers: LUNA Climbs 1,500% Following Do Kwon Tweets, While AVAX and NEAR Fall on Saturday
Biggest Movers: LUNA Climbs 1,500% Following Do Kwon Tweets, While AVAX and NEAR Fall on Saturday Following tweets from Terra founder Do Kwon, LUNA surged by over 1,500% on Saturda
Biggest Movers: FTM, ETC Lead Crypto Gainers to Start the Week
Biggest Movers: FTM, ETC Lead Crypto Gainers to Start the Week ETC rose by over 10% to start the trading week, as prices rose to a two-week high on Monday. FTM also saw its value i
Analysts Discuss Bitcoin Over-the-Counter Desks Bubbling With BTC Demand
Analysts Discuss Bitcoin Over-the-Counter Desks Bubbling With BTC Demand Digital currency markets have been gathering gains again moving past the lows seen a few