Bitcoin Big in Japan, Ethereum Dominant in Singapore, Australians Love Cardano
Source: Adobe/ontronix A new survey by personal finance comparison site Finder took a look at which cryptoasset is the most commonly owned in specific countries, and in which countries do specific cryptoassets have seen the [...] The post Bitcoin...
A new survey by personal finance comparison site Finder took a look at which cryptoasset is the most commonly owned in specific countries, and in which countries do specific cryptoassets have seen the highest adoption rate.
The survey looked into 22 countries and 5 cryptoassets: bitcoin (BTC), ethereum (ETH), cardano (ADA), dogecoin (DOGE), and binance coin (BNB).
Among the studied countries, Finder found that Nigeria ranks first with a crypto ownership rate at 24.2%. It is followed by Malaysia at 18%, and Australia at 17.8%. Meanwhile, the global average is 11.4%.
A little over 1 in 10 – or 11.4% – surveyed adults globally own crypto, Finder said.
Looking at the percentage of people who own cryptocurrency, out of the 22 countries on Finder’s list, bitcoin takes the biggest share in all of them. The 3rd-placed Australia is followed by Indonesia and Hong Kong, while the US is in the 10th place, Canada in the 13th, Russia in the 18th, the UK in the 20th, etc.
While BTC takes the first spot as the most popular cryptoasset, the other spots change depending on the country. For example, ETH is the second-most popular on this list in most countries, but in Indonesia, Hong Kong, Brazil, and Colombia, it’s DOGE. In the Philippines, it’s BNB.
As for adoption statistics regarding these specific coins, BTC has the highest adoption in Japan with 76.7% of adults who own crypto saying they own this coin – which is 1.3 times the global average adoption rate of 58.9%. Japan is followed by South Africa and Singapore, while Germany is in the last spot, preceded by the US.
Ethereum is the most dominant in Singapore with 52.4% of crypto-owning adults saying they own ETH – 1.9 times the global average adoption rate of 27.4%. Australia and Canada follow it, with Hong Kong in the last place.
Cardano sees its highest adoption with crypto owners in Australia, at 26.3% – 1.4 times the global average adoption rate of 18.5%. Ireland and Russia take the 2nd and the 3rd place, with the BTC-adopting Japan at the very end.
BNB’s highest adoption is in Indonesia, with 26.9%, or 1.8 times the global average adoption rate of 15%. Then come Mexico and Russia, while Japan and South Africa are at the very bottom of the list.
Finally, DOGE is the most dominant in the US, with 30.6% of crypto owners saying they own it. This is 1.6 times the global average adoption rate of 19.2%. New Zealand and Indonesia follow the US, while Germany and Japan sit at the opposite end.
Finder says that the survey is designed by them and conducted by Google, adding that they regularly survey 41,645 individuals across 22 countries.
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