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We integrated three different metrics to determine the countries with the highest cryptocurrency adoption. These included the total population, the percentage of the total population that owns crypto, and the number of people that own crypto, all sourced from Triple A, and updated as of 2023.
Our primary metric is the number of crypto owners, our secondary metric is the percentage of total population that owns crypto, and our tertiary metric is the total population.
Check out the 16 Countries with the Highest Cryptocurrency Adoption
We have ranked our list in ascending order of our metrics, based on priority. If needed, tie-breaking was done, again, based on priority. We have ranked the 20 countries with the highest crypto adoption in ascending order of the aforementioned metrics on a priority basis.
16 Countries with the Highest Cryptocurrency Adoption
- Morocco
Total Population as of 2023: 37.8 million
Percentage of the Total Population that Owns Crypto in 2023: 5.08%
Number of People that Own Crypto: 1,921,753
1.92 million Moroccans own cryptocurrency, making up 5.08% of the total population. However, the country has had a turbulent relationship with digital currencies in the past, according to a report by Binance. There is a dire need for financially inclusive regulations to allow seamless regulation and use of such currencies in the country. Morocco is ranked 20th among the countries with the highest crypto adoption.
- Canada
Total Population as of 2023: 38.7 million
Percentage of the Total Population that Owns Crypto in 2023: 7.00%
Number of People that Own Crypto: 2,714,177
Canada boasts a favorable environment for cryptocurrency, with around 2.71 million Canadians owning one form of digital currency or the other. As per a survey by CoinTelegraph, people aged between 18 to 35 are the most prominent owners.
- Ukraine
Total Population as of 2023: 36.7 Million
Percentage of the Total Population that Owns Crypto in 2023: 10.57%
Number of People that Own Crypto: 3,885,037
Around 10.57% of Ukraine’s population owns cryptocurrency and the country ranks 18th on our list of countries with the highest crypto adoption despite an approximately 5% decrease in the percentage of cryptocurrency owners between 2022 and 2023. This is primarily because of the ongoing conflict in the country, bringing about serious macroeconomic consequences, as per a report by Global Conflict Tracker.
- United Kingdom
Total Population as of 2023: 67.7 million
Percentage of the Total Population that Owns Crypto in 2023: 5.74%
Number of People that Own Crypto: 3,888,092
The United Kingdom is one of the countries with the highest crypto adoption, observing a positive adoption increase between 2022 and 2023. It is one of the friendliest countries in the world regarding cryptocurrency use and regulation and is even pushing forward its plans of a digital pound, or “Britcoin.”
- Bangladesh
Total Population as of 2023: 172.9 million
Percentage of the Total Population that Owns Crypto in 2023: 2.50%
Number of People that Own Crypto: 4,318,791
Bangladesh houses 4.31 million cryptocurrency owners, about 2.5% of its entire population. Its fintech industry is growing due to the central government’s initiatives geared towards financial inclusivity and the normalization of blockchain technology.
- Argentina
Total Population as of 2023: 45.7 million
Percentage of the Total Population that Owns Crypto in 2023: 9.73%
Number of People that Own Crypto: 4,451,944
Argentina’s population stands at 45.7 million, of which around 4.45 million own cryptocurrency as of 2023. The country has been showing positive signs in terms of the adoption of Bitcoin and other digital currencies since 2019. Argentinians are also flocking to cryptocurrency due to uncertain microeconomic conditions, including a shortage of U.S. dollars, economic instability, increasing inflation, and uncertainty surrounding its own currency.
- Turkey
Total Population as of 2023: 85.8 million
Percentage of the Total Population that Owns Crypto in 2023: 5.62%
Number of People that Own Crypto: 4,825,626
According to a report by CoinDesk, digital currencies are hailed as “saviors” in the financial landscape of the highly volatile Turkish lira, so around 4.82 million people in the country own cryptocurrencies. The Turkish government is also pushing forward plans to introduce its own digital lira in the near future. Turkey is ranked 14th among the countries with the highest crypto adoption.
