Over A Third Of Africa’s 53 Million Crypto Owners Are From Nigeria, Study Finds

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.

Register your email here to receive a weekly African news update delivered to your inbox:

What are your thoughts on this story? Let us know what you think in the comments section below.

Terence Zimwara

Terence Zimwara is an award-winning journalist, author and writer in Zimbabwe. He has written extensively on the economic issues of some African countries as well as how digital currencies can provide an escape route for Africans.

Image credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. This is not a direct offer or the solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service or company. does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

#Africas #Million #Crypto #Owners #Nigeria #Study #Finds #Crypto

Related Articles

Back to top button