- Top 10 countries such as UAE, Vietnam, and Saudi Arabia demonstrate mainstream cryptocurrency adoption.
- There are 49 million active cryptocurrency holders in the United States.
- Ukraine emerges as a cryptocurrency hub with an ownership rate of 10.30%.
With a plethora of cryptocurrencies, each competing for attention and market power, the global landscape of digital assets is changing. In this sea of possibilities, certain countries are standing out as key players in the cryptocurrency revolution.
With an ownership rate of 14.36%, the United States boasts nearly 49 million active participants in the cryptocurrency market, according to CoinJournal.net.
The top 10 countries where cryptocurrency holdings have become a mainstream phenomenon are:
united arab emirates
The United Arab Emirates, with a population of 9.5 million, took first place with an impressive stake of 27.67%. More than 2.6 million UAE residents are enthusiastic participants in the cryptocurrency revolution, making it a renowned hub for digital asset enthusiasts.
vietnam
Vietnam, a Southeast Asian country, boasts a population of approximately 99 million, and a total of over 20.9 million citizens, or a whopping 21.19%, have accepted cryptocurrency. The country’s tech-savvy population has played a pivotal role in driving this surge.
Saudi Arabia
In the heart of the Middle East, Saudi Arabia stands out with a stake of 17.53%. With a population of over 36 million, more than 6.4 million Saudis have entered the cryptocurrency industry. This reflects growing interest in digital financial assets.
USA
Despite the low stake of 14.36%, the sheer size of the United States with a population of over 339 million means that nearly 49 million Americans are actively participating in the cryptocurrency market. The United States remains a powerhouse in the global cryptocurrency industry.
Singapore
This vibrant city-state has become a cryptocurrency hotspot, with 13.93% of its six million residents holding digital assets. Singapore’s reputation as a financial and technology hub has attracted a significant number of cryptocurrency enthusiasts, contributing to the global phenomenon.
Iran
In Iran, which has a population of 89 million, approximately 12 million people, or 13.46% of all citizens, are entering the cryptocurrency world. Despite regulatory challenges, Iranians have found ways to participate in the global cryptocurrency market.
Philippine Islands
The Philippines, which boasts a population of over 117 million, has seen a surge in cryptocurrency ownership, with 13.43% of residents, or a total of 15.7 million people, actively participating in the digital currency space.
Ukraine
With 10.30% of the population of 36.7 million holding a cryptocurrency, Ukraine is carving out a niche in the global cryptocurrency space. The country’s tech-savvy youth and growing awareness of digital assets are contributing to the rise in cryptocurrency ownership.
Venezuela
Despite economic difficulties, Venezuela stands out with a cryptocurrency ownership rate of 10.30%. Approximately 3 million Venezuelans out of a population of 28.8 million have chosen cryptocurrency as an alternative financial solution.
south africa
South Africa, with a population of over 60 million, is in the top 10 with a solid 10% share. More than six million South Africans have embraced cryptocurrency, highlighting the widespread appeal of digital assets on the African continent.
Max Coupland of CoinJournal commented on the findings: “With its significant population and widespread adoption, the United States remains a powerful force in shaping the trajectory of the global cryptocurrency landscape. “As individuals continue to explore and invest in digital assets, our findings reflect the continued appeal of cryptocurrencies as a mainstream financial phenomenon.”