South African Cryptocurrency Ownership Rate at 10% — Report

With a cryptocurrency ownership complaint of 10%, oregon 4 cardinal people, South Africa “ranks 18th retired of 26 countries for crypto adoption,” the latest Finder’s study has said. The study besides noted that South Africa’s proportionality of crypto owners holding bitcoin, 52%, is the 3rd highest retired of 26 countries.

Just Over Half Own BTC

According to Finder’s crypto adoption trends report for August 2022, astir 4 cardinal people, oregon 10% of South Africans, are cryptocurrency holders. With this crypto ownership rate, South Africa is ranked eighteenth retired of twenty-six countries for crypto adoption, the Finder’s study said.

Also, according to the report, South Africa’s crypto ownership complaint of 10% is 5 percent points little than the planetary mean of 15%. Regarding the cryptocurrencies held oregon owned by South Africans, the study said fractional of the respondents ain bitcoin portion the remaining fractional is divided betwixt 3 altcoins.

“As it stands, astir 5% of those surveyed successful South Africa accidental they ain Bitcoin (BTC), with 2% saying they ain Ethereum (ETH), 2% ain Dogecoin (DOGE) and 1% ain Cardano (ADA),” the study said.

Men Account for a Large Share of Crypto Owners

Meanwhile, South Africa’s proportionality of crypto owners that ain bitcoin (52%) means the state is ranked 3rd globally conscionable down Australia (60%) and Ghana (54%). The planetary mean according to Finder’s study is 37%.

In presumption of gender, the study recovered that retired of South Africa’s 4 cardinal cryptocurrency owners, men relationship for 65% of these individuals. Globally, Norway comes successful with 74% of its crypto owners being men portion Colombia and Vietnam are tied, with 56%.

In South Africa, those aged betwixt 18 and 34 relationship for 45% of crypto owners. On the different hand, “those aged 55+ are the radical slightest apt to ain crypto, making up conscionable 23% of crypto owners.”

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