Fakoyejo Olalekan
Nigeria has been ranked ahead of United Kingdom and United Arab Emirates (UAE) on the top four list of countries most interested in cryptocurrency since it crashed in April 2022.
In a research by cryptoasset price tracker, CoinGecko, Google Trends data showed that digital assets’ keywords rose in Nigeria, recording a total search score of 371, with majority searching for Solana.
Join our WhatsApp ChannelThe African country contributed largely to the search terms; ‘cryptocurrency’, ‘invest in crypto’ and ‘buy crypto’, which were used to determine the total search score for countries.
United Arab Emirates came next, recording a total search score of 270, with ‘cryptocurrency’ and ‘invest in crypto’, driving the search, the report disclosed.
Singapore took the third spot, as persons from the Southeast Asian nation were highly interested in ‘buy crypto’ information, as well as ‘Ethereum’ – this resulted to a total search score of 261.
The fourth place was given to the United Kingdom, where ‘buy crypto’ and ‘invest in crypto’ were trending amongst searchers in the country, including Bitcoin, Ethereum and Polygon. The UK was scored 198.
The research shows that despite the ban on cryptocurrency trading in Nigeria by the Central Bank of Nigeria (CBN), Nigerians still maintain their interest in the digital currency, even though the restriction has slowed the growth and adoption of bitcoin, ethereum and other cryptocurrencies in the country.
In place of the banned cryptocurrencies, the central bank has launched the Central Bank Digital Currency (CBDC) to take the country’s legal tender, Naira, to the digital currency market.
