With around 53 million cryptocurrency owners, the African continent now accounts for 16.5% of the global total, according to a study. The results of the study suggest that Nigeria, which has over 22 million crypto owners, currently accounts for more than a third of the continent’s total number of holders.
Nigeria accounts for over a third of crypto owners in Africa
According to the latest crypto from Triple A property data, the African continent now has around 53 million cryptocurrency owners. This represents about 16.5% of the estimated global total of 320 million. Of all the crypto holders in Africa, Nigeria accounts for more than a third of the total, or just over 22 million.
Globally, Nigeria has the fourth highest number of crypto owners, while the United States is the highest ranked country, with 46 million cryptocurrency owners. According to the data, India and Pakistan are the next highest ranked countries with 27.4 million and 26.4 million crypto owners respectively.
Nigerian Internet Searches for Bitcoin and Crypto are the Highest in the World
While Nigeria is ranked fourth in terms of crypto ownership, the country is still considered the world leader when it comes to “the number of people searching for the keywords ‘bitcoin’ and ‘crypto’ on Google.” These findings are apparently supported by the results of another study, which suggested that Nigeria is the most crypto-obsessed country.
Meanwhile, data from Triple A shows that South Africa is the African country with the second highest population of cryptocurrency holders at 7.7 million. This figure constitutes nearly 12.5% of the South African population. Kenya has the third largest population of crypto owners in Africa, at 6.1 million or 11.6% of the country’s population.
Egypt and Tanzania, which have 2.37 million and 2.32 million holders respectively, round out the top five countries in Africa with the most crypto owners. Seychelles, which has around 1,257 crypto owners, is the lowest-ranked African country.
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