As per a study, Nigeria showed more interest in cryptos than any other nation since the digital in April. Nigeria ranked 371 in the study that looked at Google Trends data for 6 searches like ‘invest in cryptocurrency’ or ‘buy cryptocurrency’ that were then mixed to give each English-speaking country a total search score. The West African nation was followed by the United Arab Emirates and Singapore.
What do the officials have to say about this?
According to CoinGeko’s co-founder Bobby Ong, the study offers an engaging insight into which nations remain most interested in crypto rather than market pullbacks. The nations at the top of this list seem to be the keenest to purchase the dip and highlight their long-term perspective on the cryptos.
What does the Nigerian stock exchange think about it?
In June, the Nigerian stock exchange said it anticipates beginning a blockchain-enables platform the next year to grow trade and attract young investors to the market. That came after its central bank at the beginning of 2021 ordered commercial lenders to halt operations or transactions in cryptos, quoting a threat to the financial system.