California passes licensing law: People most interested in Bitcoin and Ethereum

Lavina Daryanani
Source: Finance Monthly

With crypto gradually becoming mainstream, people worldwide have become more inquisitive. As far as the United States is concerned, Californians lead the way. Per a recent report by CoinGecko, internet users from California accounted for 43% of all Bitcoin and Ethereum web traffic searches on the crypto tracking website. However, the entire state’s population only accounts for roughly 12% of the United States population.

It’s a known fact that Northern California is a global center for tech and innovation, for it has Silicon Valley. Resultantly, California topped the list did not surprise the chief operating officer and co-founder of CoinGecko—Bobby Ong.

As illustrated below, other states with a strong interest in Bitcoin and Ethereum include Illinois, New York, Florida, and Washington. The set is followed by Pennsylvania, Texas, Virginia, Georgia, and Arizona.

Source: CoimGecko

Where the rest of the world stands?

As far as the rest of the world is concerned, Africa’s Nigeria showed more interest in cryptos than any other country since the April dip. Per another recent CoinGecko report, Nigeria scored 371 in the study that looked at Google Trends data for six searches such as “buy crypto” or “invest in crypto” which were combined to give each English-speaking nation a total search ranking.

Nigeria was followed by the United Arab Emirates, Singapore, Australia, the UK, and Canada.

Source: CoinGecko

It is worth noting that the Nigerian stock exchange said in June that it planned to start a blockchain-enabled platform next year to deepen trade and entice young investors to the market.

As revealed in our recent articles, Nigeria has been making rapid strides concerning BTC adoption. Its peer-to-peer Bitcoin trading volume surpassed $1 billion between January 20221 and June 2022, making it one of the fastest-growing crypto markets.

Read More: Nigeria’s Bitcoin P2P volume hits $400M in H1 2022, while Ghana and Kenya follow