Key Points
- CoinGecko launches list of top 15 African countries most interested in crypto.
- Nigeria is the leading country in Africa for cryptocurrency interest, with a staggering 66.78% share of the market.
- South Africa is in second place, followed by Morocco, Ghana, and Egypt.
The utilization of cryptocurrencies has increased throughout the world, including in Africa. The top 15 African nations with the highest cryptocurrency interest are listed in a recent CoinGecko poll.
The findings shed light on the distribution of crypto interest across Africa and highlight the leading countries in this emerging market.
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Nigeria is taking the lead by a substantial margin. Nigeria tops the list with a staggering 66.78% share of crypto interest in Africa. South Africa is close behind in second place, accounting for a sizable portion of the continent’s crypto interest.
Morocco secures the third spot on the list. Ghana demonstrates a notable interest in crypto, securing the fourth position on the list. Egypt ranks fifth on the list, showcasing a significant share of crypto interest. The country’s enormous population and increasing tech sector contribute to cryptocurrencies’ growing popularity as an alternative financial asset.
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Ivory Coast, also referred to as Côte d’Ivoire, is rated sixth and has a significant cryptocurrency market. The adoption of digital solutions in the nation and the flourishing startup scene there has fostered a welcoming environment for those who are interested in cryptocurrencies.
The other nations in the top 15 are Uganda, Angola, Algeria, Tunisia, Kenya, Namibia, Mauritius, Botswana, and the Seychelles. Although they each represent a tiny percentage of Africa’s interest in cryptocurrencies, their combined existence reveals the continent’s expanding interest in virtual money.
The study also examined the distribution of crypto interest across different African regions. West Africa emerged as the frontrunner, with the highest share of crypto interest at 74.7%. Northern Africa follows with 10.0%, while Southern Africa holds 9.6% of the continent’s interest in crypto. East Africa and Central Africa have lower percentages of 3.8% and 1.9%, respectively.
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