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....
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The rate of digital currency adoption in Kenya is unlike any other country in Africa. The United Nations reports that Kenya has the highest proportion of its people holding cryptocurrencies in Africa, highlighting the country’s exposure to the unfolding digital currency market crash. According to a research done by the United Nations Conference on Trade […]
According to the latest Finder Cryptocurrency Adoption Index, in October 2021, Nigeria had the highest rate of cryptocurrency ownership globally, at 24.2%.
Bitcoin Is the Most Popular Coin in Nigeria
In addition to finding the West African nation as the country with the highest proportion of citizens that hold cryptocurrencies globally, the survey also discovered that “of the 1 in 4 online adults in Nigeria who own some form of cryptocurrency, bitcoin is the most popular coin in Nigeria at 66.5% of crypto owners.” Alternatively, this means more than half of the....
The latest data from the United Nations Conference on Trade and Development (UNCTAD) suggest that Kenya has the highest proportion of crypto-owning inhabitants than any other African country. To counter the growing use of cryptocurrencies, UNCTAD said it recommends the imposition of taxes that discourages crypto trading. ‘A Way to Protect Household Savings’ According to the data in the latest (UNCTAD) policy brief, Kenya’s digital currency ownership as a share of the population of 8.5% is the highest in Africa and the fifth-highest globally. Only Ukraine with 12.7%,....
Africa has achieved yet another milestone in the world of cryptocurrency as the first quarter of 2015 drew to a close. The continent saw the highest amount of venture capital backing so far according to the State of Bitcoin report, which covered the trends of cryptocurrency in the period. Although Bitpesa, headquartered in Nairobi, Kenya, was the only African cryptocurrency startup to make it into the VC investment section of the report, it was able to raise US$1.1 million from Pantera Capital, Bitcoin Opportunity Corp and Cryptocurrency Partners in its second round of funding. This was....
A new study has ranked Nigeria as the country most curious about cryptocurrency post the April crypto market crash. The same study findings show Kenya as the second-highest ranked African country. According to Bobby Ong, co-founder of Coingecko, the countries topping the list seem more interested in buying the dip and this highlights “their long-term outlook for cryptocurrencies.”
Nigerian Solana Searches Third Highest Globally
After the cryptocurrency market crashed in April, a new study found Nigeria as the number one ranked country among English-speaking....