Cryptocurrency in Kenya

January 12, 2023 - Reading Time: < 1 minute - By The Vellum Team

With the collapse of Futures Exchange (FTX), a global cryptocurrency exchange where big firms and individuals had invested a lot of money in, questions have arisen about the safety of investing in the currency. Over four million Kenyans are said to own cryptocurrencies, ranking Kenya fifth in terms of cryptocurrency activity globally and interest in the currency from Kenyans is at an all-time high according to data from online searches.

This article looks at the pros and cons of investing in cryptocurrencies and what investors need to be aware of in order to avoid losing money trading in the largely new and as yet unclear field of digital currency.

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Cryptocurrency in Kenya

 

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