www.banklesstimes.com
HomeNewsThe Countries That Are Loving Crypto Right Now
The Countries That Are Loving Crypto Right Now

The Countries That Are Loving Crypto Right Now

Last updated 12th Apr 2022
Disclosure

Personal comparison site Finder recently conducted a survey which took a look at how crypto assets are performing in different countries around the world. The survey highlighted which assets are most commonly owned in specific countries and in which countries do specific assets have the highest adoption rate. 

The survey looked at the performance of 5 different crypto assets  in 22 countries around the world. The 5 assets that are looked into included Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Dogecoin (DOGE) and Binance Coin (BNB)

The survey found that Nigeria has the highest crypto ownership rate of 24.2%, followed by Malaysia which has 18%. The global average crypto ownership is 11.4%. Australia was also found to have an above average rate of 17.8%. 

Out of those who own cryptocurrency in all 22 countries on the list, Bitcoin takes the biggest share. Australia came 3rd place while the US came in at 10th, behind Indonesia and Hong Kong. The UK took 20th place on the list of crypto ownership rates.

1
eToro
Minimum Deposit
$200
Exclusive Promotion
User Score
10
More than 3,000 assets, including currencies, stocks, cryptocurrencies, ETFs, indices and commodities
Buy crypto, or trade cryptocurrencies via CFDs
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
2
Atani
Minimum Deposit
$100
Exclusive Promotion
User Score
9
Popular among traders
Fast system for trading
Popular for beginners
3
Coinmama
Minimum Deposit
$100
Exclusive Promotion
User Score
9
Easy to use tool
High profit potential
Offers Phone Support
4
Coinbase
Minimum Deposit
$50
Exclusive Promotion
User Score
6
Trade and invest in over 25 cryptocurrencies
Extremely simple user interface
Over 68 million customers
5
Paybis
Minimum Deposit
$50
Exclusive Promotion
User Score
5
First transaction fee free
24/7 customer service
Instant payouts

Bitcoin takes the first spot as the most popular crypto asset across all 22 countries however, the other spots change depending on the country. Ethereum is the second most popular on the list in many countries but in Indonesia, Hong Kong, Brazil and Columbia, second place goe to DOGE. In the Philippines, the second most popular crypto asset is BNB. 

The survey also looked at adoption statistics. Bitcoin showed the highest adoption in Japan with 76.7% of those who own crypto saying that they own the coin. Japan’s Bitcoin adoption rate is 1.3 times the global average adoption rate of 58.9%. Japan is followed by South Africa and Singapore. 

Ethereum has the most dominant adoption rate in Singapore- 52.4% of crypto owning adults here say that they own the coin. This is 1.9 times the average global adoption rate of 27.4%. 

Cardano has its highest adoption rate in Australia where it is 26.3%. This is 1.4 times the average adoption rate of 18.5%. Japan comes last in the list of Cardano adoption rates, despite its love for Bitcoin. 

Binance Coin’s highest adoption rate is found in Indonesia at 26.9%, 1.8 times the global average adoption rate for the coin. DogeCoin is the most dominant in the US at 30.6%, which is 1.6 times the global average adoption rate. 

The Finder survey was designed by the company and conducted by Google. The firm regularly survey 41,645 individuals across 22 countries. 

Ruby Layram

Ruby Layram

Ruby is a writer for Bankless Times, covering the latest news on the cryptocurrency market and blockchain industry. Ruby has been a professional personal finance and investment writer for 2 years and is currently building her own portfolio of altcoins. She is currently studying Psychology at the University of Winchester, specialising in Statistical analysis.