More Than a Third of Africa’s 53 Million Crypto Owners Are From Nigeria, Study Shows

With an estimated 53 cardinal cryptocurrency owners, the African continent present accounts for 16.5% of the planetary total, a survey has found. The survey findings suggest that Nigeria, which has much than 22 cardinal crypto owners, presently accounts for much than a 3rd of the continent’s full fig of holders.

Nigeria Accounts for Over a Third of Africa’s Crypto Owners

According to Triple A’s latest crypto ownership data, the African continent present has an estimated 53 cardinal cryptocurrency owners. This constitutes astir 16.5% of the estimated planetary full of 320 million. Out of each the crypto holders successful Africa, Nigeria accounts for implicit a 3rd of the total, oregon conscionable implicit 22 million.

Globally, Nigeria has the fourth-highest fig of crypto owners, portion the United States is the top-ranked country, with 46 cardinal cryptocurrency holders. According to the data, India and Pakistan are the adjacent top-ranked countries with 27.4 cardinal and 26.4 cardinal crypto owners respectively.

Nigerian Bitcoin and Crypto Internet Searches the Highest Globally

While Nigeria is ranked 4th successful presumption of crypto ownership, the state is nevertheless seen arsenic the satellite person erstwhile it comes to the “number of radical searching for ‘bitcoin’ and ‘crypto’ keywords connected Google.” These findings are seemingly backed by the findings of different study, which suggested that Nigeria is the state astir obsessed with cryptocurrencies.

Meanwhile, Triple A’s information shows that South Africa is the African state with the adjacent highest colonisation of cryptocurrency holders astatine 7.7 million. This fig constitutes astir 12.5% of South Africa’s population. Kenya has the 3rd largest colonisation of crypto owners successful Africa, with 6.1 cardinal oregon 11.6% of the country’s population.

Completing Africa’s apical 5 countries with the highest fig of crypto owners are Eygpt and Tanzania which person 2.37 cardinal and 2.32 cardinal holders respectively. Seychelles, which has an estimated 1,257 crypto owners, is the lowest-ranked African country.

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