Bitcoin News and Finance Finder’s Poll Shows Vietnam Holds the Highest Percentage of Crypto Ownership Worldwide Skip to main content

Finder’s Poll Shows Vietnam Holds the Highest Percentage of Crypto Ownership Worldwide

Finder's Poll Shows Vietnam Holds the Highest Percentage of Crypto Ownership Worldwide

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.

Finder's Poll Shows Vietnam Holds the Highest Percentage of Crypto Ownership Worldwide
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%), 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%).

Finder's Poll Shows Vietnam Holds the Highest Percentage of Crypto Ownership Worldwide
Finder’s poll published on August 13, 2021.

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.

Comments

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju...

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and...

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r...
Blogarama - Blog Directory