Kenya Ranks Fourth on Global List of Countries Interested in Crypto

A recent research by Broker Chooser has ranked Kenya as the fourth country most interested in cryptocurrency globally
A recent research by Broker Chooser has ranked Kenya as the fourth country most interested in cryptocurrency globally

A recent research by Broker Chooser has ranked Kenya as the fourth country most interested in cryptocurrency globally. According to the study, Kenya only comes behind the trio of Ukraine, Russia, and the United States, all of whom have had higher searches for cryptocurrency in the last 12 months than the African nation.

Searches for ‘Cryptocurrency’ in Kenya is the Highest in Africa

According to a local news report by Citizen newspaper, searches originating from Kenya about cryptocurrencies in the last 12 months reached an unbelievable 99,810. That means, during this period, 18 out of every 10,000 Kenya’s were searching for things related to crypto.

The implication of Kenya’s latest ranking as the fourth country with the highest searches for cryptocurrency on a global scale is that, as far as Africa is concerned, the East African state has a far superior interest per capita than in Nigeria and South Africa.

In addition to that, the study is also putting the estimate of the number of cryptocurrency owners in the country at approximately 4,580,760. Also in terms of awareness of the term ‘crypto’, the study revealed Kenya’s score to be a 5.5 out of the possible 10.

Now, despite the alarming rate at which Kenyan citizens are showing interest in cryptocurrencies, it’s worthy to note that so far, authorities in the country, and even the apex bank of the country, the Central Bank of Kenya, have so far refused to accept cryptocurrencies. Then it really is no surprise that this unacceptance, is responsible for the resulting uncertainties around the growth of digital assets, and their chances of blossoming fully in Kenya.