On Friday, the product comparison website Finder published the company’s August Cryptocurrency Ownership Report, which surveyed 42,040 citizens across 27 countries. The report ranks countries by digital currency adoption and it shows regions like Vietnam, Indonesia and India have the highest number of people who reported owning cryptocurrency.
In Terms of Crypto Ownership Vietnam, Indonesia, and India Rule the Roost
Finder’s Cryptocurrency Ownership Report published on August 13, 2021, has some interesting findings after the researchers polled over 42K people. Basically the researchers measured crypto asset ownership from people in each country and the survey covers a total of 27 countries.
According to the Finder’s poll, men are more likely to own a digital asset in every country covered in the survey. The gender gap between ownership is around six percentage points, the writer at Finder, James Edwards detailed in the report.
The largest amount of crypto ownership stems from Vietnam as the study claims 41% of Vietnamese own cryptocurrencies. In Indonesia, 30% of citizens own crypto assets and India has around 30% as well.
While Vietnam boasts the largest percentage of holders, the country joins Singapore, the Philippines, and Ireland with the largest gender gap (9-11%), the research highlights. Meanwhile, Portugal, South Korea, and New Zealand 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 Show the Least Amount of 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%).
This is a stark contrast 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.
Finder’s survey 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.
What do you think about Finder’s poll that surveyed over 42,000 people in 27 countries? Let us know what you think about the Finder’s survey in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
On Friday, the product comparability web site Finder printed the corporate’s August Cryptocurrency Possession Report, which surveyed 42,040 residents throughout 27 nations. The report ranks nations by digital forex adoption and it exhibits areas like Vietnam, Indonesia and India have the best quantity of people that reported proudly owning cryptocurrency.
In Phrases of Crypto Possession Vietnam, Indonesia, and India Rule the Roost
Finder’s Cryptocurrency Possession Report printed on August 13, 2021, has some attention-grabbing findings after the researchers polled over 42K folks. Mainly the researchers measured crypto asset possession from folks in every nation and the survey covers a complete of 27 nations.
In response to the Finder’s ballot, males usually tend to personal a digital asset in each nation lined within the survey. The gender hole between possession is round six share factors, the author at Finder, James Edwards detailed within the report.
The biggest quantity of crypto possession stems from Vietnam because the examine claims 41% of Vietnamese personal cryptocurrencies. In Indonesia, 30% of residents personal crypto belongings and India has round 30% as nicely.
Whereas Vietnam boasts the most important share of holders, the nation joins Singapore, the Philippines, and Eire with the most important gender hole (9/11%), the analysis highlights. In the meantime, Portugal, South Korea, and New Zealand command the smallest gender hole (1-2%).
“Remittance fee could have performed a big function in these numbers, with cryptocurrency an choice for migrants who need to ship cash dwelling and keep away from change charges,” Edwards wrote.
Spain, UK, US, Germany, and Japan Present the Least Quantity of Crypto Possession
Following the highest three nations with giant possession percentages, Malaysia (29%), the Philippines (28%), Belgium (26%), Hong Kong (26%), South Korea (23%), Brazil (22%), and Italy (21%) observe respectively. The final 5 nations within the listing of 27, that present the least quantity of cryptocurrency possession, embrace Spain (12%), Japan (11%), Germany (11%), america (9%), and the UK (8%).
This can be a stark distinction to the best way issues are described within the media, because the U.S., U.Okay., and Japan are sometimes highlighted as hotbeds of cryptocurrency adoption. In the meantime, numerous nations in South America are sometimes famous as having excessive adoption charges, usually naming Venezuela.
Finder’s survey doesn’t disclose adoption ranges in Venezuela however under Brazil’s 22%, Colombia exhibits it has round 14% by way of crypto possession percentages. The Finder ballot signifies that for all 27 nations, roughly 1,160 and a couple of,511 residents per nation had been surveyed for the possession report.
“The report reveals that bitcoin nonetheless reigns supreme regardless of hypothesis that ethereum may develop into essentially the most broadly transacted cryptocurrency,” Edwards mentioned. “Bitcoin had the best adoption charges in each single nation,” he added.
What do you consider Finder’s ballot that surveyed over 42,000 folks in 27 nations? Tell us what you consider the Finder’s survey within the feedback part under.
Picture Credit: Shutterstock, Pixabay, Wiki Commons
