THE STANDARD By
Frankline Sunday |
December 16th 2020 at 11:21:15 GMT +0300
Kenyans have traded more than Sh6 billion in Bitcoin over the past five years. The move highlights the rising popularity of digital currency among users in the country.
According to a new study compiling trading of cryptocurrencies globally by Paxful, Kenya emerged second in Africa, with 90 per cent of trading in the country done this year alone.
“Kenya is one of the biggest Bitcoin trading countries in the world, beating the likes of the Philippines and South Africa,” said the report in part.
According to the report, Kenya has traded Sh6.1 billion in bitcoin between 2015 and 2020. It is only second to Nigeria, the leader in Africa with Sh63 billion traded over the same period.