Over 6 million Kenyans are cryptocurrency holders – report

Bitcoin tumbles 9% to Ksh.2.7 million

Over 6.1 million Kenyans are cryptocurrency holders, according to a new report published by Bankless Times.

The country is third placed in the ranking after South Africa which has 7.7 million accounts with Nigeria taking the lead at 22 million.

According to the report, the African Continent has accounts estimated at 53 million. The report was done based on Africans who have alternative finance new platforms.

Egypt is fourth-placed where the demand for bitcoin has surged as over 1.7 million Egyptians have distributed more than half of their wealth into assets like Bitcoin and other crypto-assets.

Despite having over 1.1 million crypto holders in the country, Ethiopia recently made headlines for its crackdowns on cryptocurrency trading.

Globally, the United States ranks first with 46 million holders of digital assets. It is followed by India and Pakistan which has 27.4 million and 26.4 million owners of crypto assets, respectively.

The global cryptocurrency market cap today is $1.02 Trillion, a 2.43% change in the last 24 hours and -52.81% change one year ago.

The market cap of Bitcoin is at $370 Billion, representing a Bitcoin dominance of 36.19 percent.

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