Vietnam, Indonesia and India Have the Highest Crypto Ownership
Finder, the product comparison website published August Cryptocurrency Ownership Report, which surveyed 42,040 citizens across 27 countries. The report ranks countries by digital currency adoption. Vietnam, Indonesia and India are the top 3 countries with the highest percentage of population who reported owning cryptocurrency.
Crypto Ownership Top 3: Vietnam, Indonesia, and India
Finder’s Cryptocurrency Ownership Report shared interesting findings after the researchers polled over 42K people. The researchers measured crypto asset ownership from people in each country and the survey covers a total of 27 countries.
According to the report, men are more likely to own a digital asset in every single country covered in the survey. The gender gap between ownership is around six percentage points, James Edwards, one of the researchers, points out in the report.
The largest amount of crypto ownership stems from Vietnam. According to the study, 41% of Vietnamese own cryptocurrencies. In Indonesia and India, 30% of citizens own crypto assets.
Finder’s poll published on August 13, 2021.
While Vietnam boasts the largest percentage of holders, the country joins Singapore, the Philippines, and Ireland with the largest gender gap (9-11%), according to the research. Portugal, South Korea, and New Zealand, on the other hand, command the smallest gender gap (1-2%).
“Remittance payment may have played a significant role in these numbers, with cryptocurrency an option for migrants who want to send money home and avoid exchange fees,” Edwards wrote.
Spain, UK, US, Germany, and Japan Have the Lowest Crypto Ownership
Following the top three countries with large ownership percentages, Malaysia (29%), the Philippines (28%), Belgium (26%), Hong Kong (26%), South Korea (23%), Brazil (22%), and Italy (21%) follow respectively. The last five countries in the list of 27, that show the least amount of cryptocurrency ownership, include Spain (12%), Japan (11%), Germany (11%), the United States (9%), and the United Kingdom (8%).
Finder’s poll published on August 13, 2021.
The numbers are interesting considering how to the way things are described in the media, as the U.S., U.K., and Japan are often highlighted as hotbeds of cryptocurrency adoption. Meanwhile, a number of countries in South America are often noted as having high adoption rates, typically naming Venezuela.
The report does not disclose adoption levels in Venezuela but below Brazil’s 22%, Colombia shows it has around 14% in terms of crypto ownership percentages. The Finder poll indicates that for all 27 countries, roughly 1,160 and 2,511 citizens per country were surveyed for the ownership report.
“The report reveals that bitcoin still reigns supreme despite speculation that ethereum could become the most widely transacted cryptocurrency,” Edwards said. “Bitcoin had the highest adoption rates in every single country,” he added.
