• According to the report, Asia leads the world in crypto investment

  • According to a recent report by Finder.com, Asian nations are leading the world in retail crypto investment, with the top five being all from Asia.

    Vietnam was by far the leader in cryptocurrency adoption, with 41% of respondents claiming to own at least one cryptocurrency. Indonesia and India were in second and third place, with 30 percent each, and were closely followed by Malaysia and the Philippines, which were only a few percentage points behind. The United States and the United Kingdom were at the bottom of the list, with only 9% and 8% of respondents owning cryptocurrency, respectively.

    The report, which polled 42,000 people in 27 countries, was conducted through Google and sampled between 1,160 and 2,511 respondents per country. Because of the varying levels of Google infrastructure in each country, the report acknowledges that all results may not be nationally representative.

    Despite the fact that Vietnam’s central bank has stated that cryptocurrencies are not legally recognized in the country, the findings are significant. Vietnam’s prime minister, Phm Minh Chnh, asked the central bank last month to pilot a cryptocurrency program from 2021 to 2023 as part of a larger strategy to move toward digital government.

    The average level of cryptocurrency ownership among the countries surveyed was 19%, with men being more likely to invest, at 22 percent of respondents, compared to 15 percent of women. Countries like the Netherlands and Singapore were the most representative of the global average, with 20% and 19% of their citizens owning cryptocurrency, respectively.

    Despite the fact that the 27 countries surveyed represented the entire globe, there were some notable omissions from the list. In a Statista Global Consumer Survey last year, Nigeria was found to be the global leader in crypto investment, with 32% of its population reporting current or previous ownership of cryptocurrency. According to the Statista survey, Vietnam came in second place, with 21% of respondents owning cryptocurrency at the time, indicating that there has been a surge in investment in Vietnam over the last year.

    The Statista survey was recently published in a Binance report, which found that global retail crypto adoption had increased to 300 million people this year, representing 4% of the total global population.

    The only African country included in the survey was South Africa, which had a 15% crypto user rate, according to the survey. Africa had the highest growth in peer-to-peer Bitcoin trading volume in the six months leading up to June of this year. Although North America and Australasia both reported declines during the period, African countries as a whole saw a 15-30% increase in crypto trading.

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