Check out the 16 Countries with the Highest Cryptocurrency Adoption

1. Japan

Total Population as of 2023: 123.2 million

Percentage of the Total Population that Owns Crypto in 2023: 4.13%

Number of People that Own Crypto: 5,096,970

More than 4% of Japan’s total population owns cryptocurrency, estimated at around 5 million people. The country boasts a strong arm of support from its financial sector and government, allowing it to stand at the forefront of revolutions in fintech and digital currency adoption. Japan is one of the countries with the highest crypto adoption.

1. Thailand

Total Population as of 2023: 71.8 million

Percentage of the Total Population that Owns Crypto in 2023: 9.61%

Number of People that Own Crypto: 6,902,630

As reported by Bloomberg, Thailand has had its ups and downs with the use of cryptocurrency, and yet around 6.9 million people from among 71.8 million in the country own it. This comes up to about 9.61% of the total population.

1. Mexico

Total Population as of 2023: 128.4 million

Percentage of the Total Population that Owns Crypto in 2023: 6.55%

Number of People that Own Crypto: 8,409,115

Mexico ranks 11th on our list of the countries with the highest crypto adoption, with around 8.4 million people in the country owning one form of digital currency or the other. These statistics show an increased affinity of the country for cryptocurrency, hinting at a positive potential trajectory.

1. Russia

Total Population as of 2023: 144.4 million

Percentage of the Total Population that Owns Crypto in 2023: 6.06%

Number of People that Own Crypto: 8,749,780

Russia ranks tenth on our list of countries with the highest crypto adoption, with around 8.74 million Russians owning crypto. Despite the ongoing macroeconomic disruptions in the country due to its conflict with Ukraine, cryptocurrency’s popularity does not seem to wane.

1. Indonesia

Total Population as of 2023: 277.5 Million

Percentage of the Total Population that Owns Crypto in 2023: 4.40%

Number of People that Own Crypto: 12,205,132

Around 4.40% of Indonesia’s total population, which comes up to about 12.2 million, owns cryptocurrency, holding the ninth spot despite a less than 1% decrease in its statistics between 2022 and 2023.

1. Nigeria

Total Population as of 2023: 223.8 Million

Percentage of the Total Population that Owns Crypto in 2023: 5.93%

Number of People that Own Crypto: 13,261,259

Nigeria ranks eighth on our list of countries with highest crypto adoption, and is well on the path to becoming one of the key players of digital currencies in Africa. About 6% of the total population of Nigeria owns cryptocurrencies as of 2023.

1. Philippines

Total Population as of 2023: 117.3 Million

Percentage of the Total Population that Owns Crypto in 2023: 13.43%

Number of People that Own Crypto: 15,761,549

The Philippines is a prominent player in the cryptocurrency realm and holds the seventh spot on our list of countries with the highest cryptocurrency adoption because of a 7.3% increase in cryptocurrency owners between 2022 and 2023. This change has resulted in 13.43% of its total population owning cryptocurrency as of 2023.

1. Pakistan

Total Population as of 2023: 240.4 Million

Percentage of the Total Population that Owns Crypto in 2023: 6.60%

Number of People that Own Crypto: 15,879,216

Pakistan does not recognize cryptocurrencies as an authentic mode of payment, and yet around 15.8 million of its citizens own one sort of digital currency or the other. This number increased from 9.0 million in 2022. Pakistan is ranked 6th among the countries with the highest crypto adoption.