Nigeria leads the world in the usage and ownership of cryptocurrency according to a new crypto industry research report by Trading Browser.
The study ranks countries based on the percentage of the population that reported that they used or owned cryptocurrency each year from 2019 to 2022.
According to the report, Nigeria tops the list with 45% of the population using or owning cryptocurrency in 2022. The country boasts over 90 million people using cryptocurrency, which is almost 1.5 times the population of the United Kingdom.
Nigeria Tops In Cryptocurrency Usage And Ownership Globally
From 2019 to 2022, Nigeria saw a 17% total increase in ownership and use from 28% to 45%, equating to over 34 million people adopting cryptocurrency over the three years.
Coming in second place in Thailand. The Southeast Asian country has a massive 44% of its population reporting to using or owning cryptocurrency – equal to just over 30 million people. Turkey came third as the transcontinental country has 40% of its population owning and using cryptocurrency in 2022, equal to over 33 million people.
List of countries with the highest number of crypto users in the world
Thailand with 44% is the next country with a significant number of adoptions, while Turkey ranks third with 40% of its population owning and using cryptocurrency in 2022.
Other countries in the top 10 are Argentina, which comes in fourth with an ownership and usage rate of 35% in 2022 – almost 16 million people.
In fifth place comes the United Arab Emirates (UAE) with 34% of the population owning or using cryptocurrency in 2022. The Philippines is in sixth place with 29% (15 million), and Vietnam is in seventh place with 27% of the population.
India and Singapore are in joint eighth place with a rate of 25% of the population, while in ninth place is Brazil with 24%. Last place in the top ten in South Africa with a usage and ownership ship of 23%, working out to over 13 million people.