Top 10 Countries by Crypto Ownership

While some nations quickly adopted cryptocurrencies, others lagged because of bureaucratic and financial challenges. Learning which countries have the most cryptocurrency users can help you deeply understand the rate of global crypto adoption. Keep reading as we discuss the top 10 countries in the world by crypto ownership.

 

 

1. UAE

 

•     Crypto ownership percentage: 30.4%

•     Estimated crypto owners: 3M

 

UAE is leading the world in crypto ownership. Factors include the government’s crypto-friendly policies, such as zero taxes for crypto owners and businesses.

 

 

2. Vietnam

 

•     Crypto ownership percentage: 21.2%

•     Estimated crypto owners: 21M

 

The Vietnamese government offers relaxed taxation on crypto holdings. Additionally, many of the country’s population doesn’t have access to traditional banking services, making crypto an attractive alternative.

 

 

3. USA

 

•     Crypto ownership percentage: 15.6%

•     Estimated crypto owners: 53M

 

The USA makes this list because of a favorable crypto perception, supportive government regulations, and access to modern financial technologies. The USA has also seen an exponential rise in blockchain technology usage. 

 

 

4. Iran

 

•     Crypto ownership percentage: 13.5%

•     Estimated crypto owners: 12M

 

Iran’s economy suffered greatly during COVID-19. In addition, the civil unrest and international sanctions limited the country’s access to global financial markets. As a result, Iran embraced cryptocurrency and is now the 4th country in the world with the highest crypto ownership.

 

 

5. Philippines

 

•     Crypto ownership percentage: 13.4%

•     Estimated crypto owners: 16M

 

The Philippines leads in Southeast Asia when it comes to cryptocurrency. Many of the country’s population uses crypto for investments, transfers, and day-to-day purchases. Primary reasons for this rapid adoption include poor financial infrastructure in remote areas and high internet connectivity.

 

 

6. Brazil

 

•     Crypto ownership percentage: 12%

•     Estimated crypto owners: 26M

 

Brazil is considered an attractive market by crypto companies like Binance and Coinbase. The crypto-owning population of Brazil has steadily grown from 8% in 2021 to 12% in 2023.

 

 

7. Saudi Arabia

 

•     Crypto ownership percentage: 11.4%

•     Estimated crypto owners: 4M

 

Saudi Arabia’s crypto adoption is fuelled by competition with the UAE’s crypto success. As a result, financial regulatory authorities in the KSA are warming up to cryptocurrencies. It has paved the way for a wide-scale adoption of decentralized finance.

 

 

8. Singapore

 

•     Crypto ownership percentage: 11.1%

•     Estimated crypto owners: 665K

 

Singapore is rapidly adopting crypto and is also a global financial hub. Factors like lenient taxation laws, modernization, and global considerations compel the government to facilitate crypto usage.

 

 

9. Ukraine

 

•     Crypto ownership percentage: 10.6%

•     Estimated crypto owners: 4M

 

After the Ukraine-Russia conflict began, Ukraine saw stagnation in its financial sector and a sharp decline in its currency. These conditions and the need for financial aid urged the Ukrainian government to adopt cryptocurrencies. As a result, Ukraine quickly became one of the major crypto holders in the world.

 

 

10. Venezuela

 

•     Crypto ownership percentage: 10.3%

•     Estimated crypto owners: 3M

 

Venezuela reports the second-highest crypto adoption in the Latin American region. Factors like the citizens’ inclination towards cryptocurrency and the Maduro regime’s interest in crypto for corruption put this country on the list.

 

 

Final Words

 

The list of the top 10 cryptocurrency owners is constantly changing; we hope you’ve gotten the latest information on the evolving trends in cryptocurrency.