Shannon Cummings https://www.hedgewithcrypto.com 1m 273 #crypto
The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.
HedgewithCrypto has analysed the percentage of the population adopting crypto, the number of crypto ATMs, legislation, and the online popularity of crypto in each country, to reveal which country has seen the biggest adoption of crypto adoption over the last three years!
Top 5 countries ready for crypto adoption:
Rank | Country | Crypto adoption rate (%) | Crypto ATMs | Increase in google searches since 2020 (%) | Crypto ready score out of 10 |
1 | Australia | 18% | 240 | 196% | 7.37 |
2 | United States | 16% | 33,639 | 166% | 7.07 |
3 | Brazil | 24% | 25 | 355% | 6.81 |
4 | United Arab Emirates | 34% | 6 | 261% | 6.41 |
5 | Hong Kong | 16% | 146 | 209% | 6.40 |
6 | Taiwan | 14% | 40 | 278% | 6.20 |
7 | India | 25% | 2 | 316% | 6.12 |
8 | Canada | 14% | 2,640 | 185% | 6.10 |
9 | Turkey | 40% | 14 | 123% | 6.07 |
10 | Singapore | 25% | 0 | 234% | 6.02 |
Australia is the biggest country when it comes to the adoption of cryptocurrency in 2023 with a score of 7.37 out of 10. The percentage of Australia’s population who have adopted crypto has more than doubled since 2020, rising from 8% to 18%. Aussies have shown an increased interest in crypto with a 196% increase in Google searches for crypto since 2020. The sale of cryptocurrency and other digital assets is legal and regulated in Australia.
The United States ranks as the second biggest country in crypto adoption with a score of 7.07 out of 10. The US has increased its crypto ATMs by a massive 403% since 2020, and there are now 33,630 crypto ATMs throughout the country. The USA by far leads the charge for cryptocurrency infrastructure with over 30,000 more crypto ATMs than any other country and also experienced a 166% increase in Google searches for crypto since 2020.
Ranking third is Brazil with a score of 6.81/10. Brazil has seen a huge increase in average monthly searches for crypto of 355%, showing an up pick in crypto interest in Brazil. Brazil also had 0 ATMs back in 2020 and has since opened 25. A new bill signed in December 2022 legalizes cryptocurrency throughout Brazil.
You can view the research in full here.
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