- Top Countries by Crypto Ownership Percentage
- Countries with the Highest Number of Crypto Owners
- Regional Crypto Adoption Analysis
- Countries with Cryptocurrency as Legal Tender
- Conclusion
Top Countries by Crypto Ownership Percentage
Cryptocurrency is gaining popularity worldwide, and some countries are leading the charge. In the UAE, about 30.4% of the population owns cryptocurrencies, making it the top country in this regard. Vietnam holds the second place with 21.2%, and the USA follows with 15.6%. Iran and the Philippines show significant numbers with 13.5% and 13.4%, respectively.
Countries with the Highest Number of Crypto Owners
Analyzing by the number of crypto owners, the ranks change slightly. India and China are at the top with 93.5 million and 59.1 million crypto owners respectively. The USA comes in third with 26 million owners. Brazil, Vietnam, and Pakistan also stand out with 26 million, 21 million, and 15.9 million owners, respectively.
Regional Crypto Adoption Analysis
Crypto adoption differs across regions. We can categorize them into three main segments: Europe, Middle East, and Africa; Americas; and Asia-Pacific.
Europe, Middle East, and Africa
Nigeria leads this region with 13.3 million crypto owners. Russia and Ukraine follow with 8.7 million and 3.9 million owners, respectively. The UK is also prominent with 3.9 million owners.
Americas
In the Americas, the USA and Brazil both have 26 million owners, but the adoption percentage is higher in the USA. Mexico and Argentina also show strong numbers with 8.4 million and 4.45 million owners.
Asia-Pacific
This region is led by India and China, with 93.5 million and 59.1 million crypto owners respectively. Vietnam stands out with 21.2% of its population owning cryptocurrencies. Other significant countries include the Philippines, Pakistan, and Indonesia.
Countries with Cryptocurrency as Legal Tender
El Salvador was the first country to adopt Bitcoin as legal tender on June 9, 2021, followed by the Central African Republic on April 23, 2022. More countries, especially in Africa and Latin America, are expected to follow suit.
Conclusion
The Asia-Pacific region is currently leading in cryptocurrency adoption, with countries like Singapore and Hong Kong aiming to become global crypto hubs. Along with the USA, India, China, and Brazil, these countries are shaping the future of digital finance. The crypto revolution is set to continue, bringing new opportunities and innovations to the global economy.
