Cryptocurrency adoption is on the rise in South Africa, with a higher percentage of adults owning crypto than in the United States, United Kingdom, Germany or Japan, according to Finder.com’s latest Cryptocurrency Adoption Index.
Here are some highlights of the report:
- 11% of South African adult internet users, or an estimated 4.5 million people, said they owned cryptocurrency in the December survey, up from 10% in October – an increase of one percentage point.
- Bitcoin is still the most popular coin to own (6.3%), followed by Ethereum (3.5%) and XRP (2.9%).
- Cryptocurrency ownership in South Africa is below the global average of 15% but higher than countries like the United States (10%), Germany (8%), and the United Kingdom (6%).
- Out of the 27 countries surveyed in the study, South Africa ranks 21st in terms of cryptocurrency ownership.
- Vietnam has the most cryptocurrency investors (29%), followed by India and Australia (23% each), while Japan and the UK have the fewest crypto investors (6% each).
You can read the full report here.
Percentage of adults who own cryptocurrency:
1. Vietnam: 29%
2. India: 23%
3. Australia: 23%
4. Indonesia: 22%
5. Philippines: 22%
6. Nigeria: 21%
7. Malaysia: 20%
8. Russia: 20%
9. Ghana: 17%
10. Hong Kong: 16%
11. Singapore: 16%
12. Kenya: 16%
13. Argentina: 15%
14. Mexico: 15%
15. Venezuela: 15%
16. Colombia: 14%
17. Brazil: 14%
18. Norway: 13%
19. Canada: 13%
20. Ireland: 12%
21. South Africa: 11%
22. United States: 10%
23. Sweden: 10%
24. New Zealand: 9%
25. Germany: 8%
26. United Kingdom: 6%
27. Japan: 6%
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