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 — recorded higher cryptocurrency searches in the past 12 months than Kenya.
Searches for cryptocurrency in Kenya are the highest in Africa
According to a Citizen report, searches for cryptocurrencies originating from Kenya over the twelve-month period exceeded 99,810. Instead, this means that there were the equivalent of 18 searches per 10,000 people during this period.
The ranking of Kenya as the fourth largest country in cryptocurrency searches globally means that there is more interest per capita in the East African country than in Nigeria and South Africa.
Moreover, the study estimates the number of cryptocurrency owners in Kenya to be around 4,580,760. Regarding awareness of cryptocurrencies, the study found Kenya’s score to be 5.5 out of 10 possible.
Despite the growing interest in cryptocurrencies from Kenyan citizens, the 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 rejection and the resulting uncertainty are holding back the growth of digital assets in Kenya.
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