Cryptocurrency adoption in Kenya in 2021
It is estimated that over 4.5 million people, 8.5% of Kenya’s total population, currently own cryptocurrency.
Kenya is ranked first globally for peer-to-peer cryptocurrency trading volume and fifth worldwide for total cryptocurrency activity.
Kenya is the leading African country amongst 10 countries globally in terms of cryptocurrency holdings and blockchain- related transactions. As of January 2018, Kenya’s Bitcoin holding represented over 2% of the country’s Gross Domestic Product (GDP), a substantial percentage given that 10 countries have a comparable level of GDP invested in cryptocurrencies.
Kenya is the top Bitcoin maximalist country globally, topping bitcoin search interest at 94.7%. Kenya also ranks within the top ten worldwide on the topic of “cryptocurrency” on Google.