Kenyans has the fourth highest interest in cryptocurrencies in the world, according to a new study by Broker Chooser. According to the study, only three countries – Ukraine, Russia, and the United States – had higher searches for crypto than Kenya in the past 12 months.

A shop in Kenya

According to one report According to Citizen, crypto searches from Kenya over a 12 month period were 99,810. That means 18 searches per 10,000 people over that period.

Ranking Kenyans as the fourth highest searched country for crypto worldwide means that the East African country has a greater interest per capita than both Nigeria and South Africa.

Additionally, the study estimates the number of crypto holders in Kenya at around 4,580,760. In terms of crypto awareness, the study found that Kenya’s score is 5.5 / 10.

Despite the increased interest of Kenyans in cryptocurrencies, the country’s authorities and the central bank of Kenya have so far refused to recognize cryptocurrencies.

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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