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BROKERCHOOSER SAYS KENYA HAS HIGHEST INTEREST IN CRYPTOCURRENCY IN AFRICA

Crypto Brokerage firm BrokerChooser says Kenya has the highest interest in cryptocurrencies in Africa and number four in the world.

According to the firm, Ukraine takes the top slot, followed by Russia and the United States. 

Behind Kenya is South Africa, the United Kingdom and India at fifth, sixth and seventh positions., even as Kenya’s awareness of cryptocurrencies score was 5.5 points out of 10. 

The research therefore showed that crypto searches originating from Kenya in the last 12 months totaled 99,810 or 18 searches for every 10,000 persons. 

The research further looked at what people were looking up online in the last 12 months with Popular questions being ‘the number of crypto owners’ and ‘the global crypto adoption index’. 

Meanwhile, other popular phrases included ‘what cryptocurrency to invest in’, ‘cryptocurrency to buy’, ‘cryptocurrency trends’ and ‘cryptocurrency brokers’.

However, the publication revealed that the global crypto adoption grew by more than 2300% at the end of the second quarter of 2021, compared to the third quarter of 2019. In emerging markets, the research said, many were considering turning to cryptocurrencies to preserve their savings in the face of currency devaluation.

Aside this, further carrying out business transactions, “Adoption in North America, Western Europe and Eastern Asia over the last year has been largely powered by institutional investment.” Even as Cryptocurrencies in Kenya, the number of crypto owners is estimated to be about 4.6 million, according to Citizen.co.ke. 

However, the Central Bank of Kenya has maintained that it has reservations on cryptocurrencies, saying it is largely unregulated. 

 

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