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More Than a Third of Africa’s 53 Million Crypto Owners Are From Nigeria, Study Shows – Africa Bitcoin News


With an estimated 53 million cryptocurrency homeowners, the African continent now accounts for 16.5% of the worldwide complete, a examine has discovered. The examine findings counsel that Nigeria, which has greater than 22 million crypto homeowners, at the moment accounts for greater than a third of the continent’s complete quantity of holders.

Nigeria Accounts for Over a Third of Africa’s Crypto Owners

According to Triple A’s newest crypto ownership data, the African continent now has an estimated 53 million cryptocurrency homeowners. This constitutes about 16.5% of the estimated international complete of 320 million. Out of all of the crypto holders in Africa, Nigeria accounts for over a third of the entire, or simply over 22 million.

Globally, Nigeria has the fourth-highest quantity of crypto homeowners, whereas the United States is the top-ranked nation, with 46 million cryptocurrency holders. According to the information, India and Pakistan are the subsequent top-ranked international locations with 27.4 million and 26.4 million crypto homeowners respectively.

Nigerian Bitcoin and Crypto Internet Searches the Highest Globally

While Nigeria is ranked fourth in phrases of crypto possession, the nation is nonetheless seen because the world chief with regards to the “number of people searching for ‘bitcoin’ and ‘crypto’ keywords on Google.” These findings are seemingly backed by the findings of one other examine, which advised that Nigeria is the nation most obsessive about cryptocurrencies.

Meanwhile, Triple A’s knowledge exhibits that South Africa is the African nation with the subsequent highest inhabitants of cryptocurrency holders at 7.7 million. This determine constitutes almost 12.5% of South Africa’s inhabitants. Kenya has the third largest inhabitants of crypto homeowners in Africa, with 6.1 million or 11.6% of the nation’s inhabitants.

Completing Africa’s high 5 international locations with the best quantity of crypto homeowners are Eygpt and Tanzania which have 2.37 million and a pair of.32 million holders respectively. Seychelles, which has an estimated 1,257 crypto homeowners, is the lowest-ranked African nation.

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Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, creator and author. He has written extensively in regards to the financial troubles of some African international locations in addition to how digital currencies can present Africans with an escape route.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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