FX.co ★ 5 countries leading in crypto popularity

Vietnam

This Asian country with a population of more than 98 million tops the global rating. The crypto adoption index here equals 1. As of 2023, almost 19% of the Vietnamese, i.e. over 10 million people, possess Bitcoin or other altcoins. The reason for the high demand for digital assets is economic uncertainty in the country. Recently, people have dived into crypto investments as a popular means of safeguarding their savings against inflation and as an extra source of income.

Ukraine

This European country with a population of 38 million people ranks second according to the crypto adoption index. As of 2023, nearly 16% of Ukrainians own digital assets which proves an active crypto integration into the economy. The military conflict between Ukraine and Russia is a major culprit boosting interest in cryptocurrency as a secure way of saving and transmitting funds.

US

The US is given the third rank on the list of countries with lots of crypto investors. The total population in the US is estimated at 300 million. 42 million of them, i.e. 13.7%, own crypto and actively use it to pay for merchandise and services. In 2023, several states submitted their draft bills on using digital assets. It means that regulation and development of the crypto industry are high on the agenda with the federal authorities.

Thailand

Currently, the population of this Asian country is almost 72 million people. As the country is actively streamlining its domestic crypto market, Thailand ranks fourth in the worldwide rating of crypto-loyal countries. Roughly 9% of the population there holds tokens and this share is set to increase. However, despite the vivid interest of local people in cryptocurrency, on April 1, the government issued a ban on using crypto as a payment means. The authorities are concerned that crypto could affect the stability of the financial system in Thailand.

India

India with a population of 1.42 billion people is the country with the fifth highest crypto adoption index. Nowadays, 7% of the population possesses crypto assets, even though the authorities are still extremely cautious in regulatory issues. Nevertheless, lately, the government greenlighted the use of crypto tokens for a digital signature on documents in new web browsers. This is a significant step forward, though India has not unveiled the draft bill on Web3 and cryptocurrency yet.