Kenya ranks 12th for cryptocurrency ownership out of 27 countries

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16% of Kenyan adult internet users, an estimated 4.8 million people, own cryptocurrency, according to Finder.com’s latest Cryptocurrency Adoption Index which is based on an online survey of 52,883 people across 27 countries.

This is slightly higher than the global average of 15%, with Kenya ranking 12th out of the countries included in the study. Cryptocurrency ownership in Kenya is behind countries like Nigeria (21%) and Ghana (17%), but ahead of countries like Argentina, Mexico, and Venezuela (15% each) and Brazil (14%).

Bitcoin is still the most popular coin to have (9%), followed by Ethereum and Dogecoin (3% each).

Vietnam has the most cryptocurrency owners (29%), followed by India and Australia (23% each), and Indonesia (22%). On the other end of the spectrum, Japan and the UK have the fewest crypto owners (6% each), followed by Germany (8%).

You can read the full report here: https://www.finder.com/ke/finder-cryptocurrency-adoption-index

Percentage of adults who own cryptocurrency:

  1. Vietnam: 29%
  2. India: 23%
  3. Australia: 23%
  4. Indonesia: 22%
  5. Philippines: 22%
  6. Nigeria: 21%
  7. Malaysia: 20%
  8. Russia: 20%
  9. Ghana: 17%
  10. Hong Kong: 16%
  11. Singapore: 16%
  12. Kenya: 16%
  13. Argentina: 15%
  14. Mexico: 15%
  15. Venezuela: 15%
  16. Colombia: 14%
  17. Brazil: 14%
  18. Norway: 13%
  19. Canada: 13%
  20. Ireland: 12%
  21. South Africa: 11%
  22. United States: 10%
  23. Sweden: 10%
  24. New Zealand: 9%
  25. Germany: 8%
  26. United Kingdom: 6%
  27. Japan: 6%
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Sam Wakoba
Based in Nairobi, Kenya, Sam Wakoba is a pan-African technology journalist, author, entrepreneur, technology business mentor, judge, educationalist, and a sought-after speaker and panelist across Africa’s innovation ecosystem. He is the convenor of the popular monthly #TechNight evening event and the #StartupEast Awards and Conference, platforms that bring together startup founders, developers, entrepreneurs, investors, content creators, and tech professionals from across the continent. For more than 16 years, Sam has reported on and analysed Africa’s technology landscape, covering some of the continent’s most impactful, and at times controversial policies, programs, investors, co-founders, startups, and corporations. His work is known for its independence, depth, and fairness, with a singular goal of helping build and strengthen Africa’s nascent technology ecosystem. Beyond journalism, Sam is a business analyst and consultant, working with brands, universities, corporates, SMEs, and startups across East Africa, as well as international companies entering the East African market or scaling across Africa. In his free time, he volunteers as a consulting editor and fintech analyst at Business Tech Kenya, a business, technology, and data firm that publishes reports, reviews, and insights on business and technology trends in Kenya. Follow him on X: @SamWakoba