Cryptocurrency Adoption Data

As a leading cryptocurrency payments company, we aim to provide key statistics to help businesses understand the market better and reach untapped opportunities. As of 2024, we estimated global cryptocurrency ownership at an average of 6.8%, with over 560 million crypto owners worldwide.

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Top 10 Countries With the Highest Crypto Adoption Rate

# RANKS

India 87%
India 87%
Nigeria 80%
Nigeria 80%
Indonesia 75%
Indonesia 75%
United State 70%
United State 70%
Vietnam 60%
Vietnam 60%
Ukraine 55%
Ukraine 55%
Russia 45%
Russia 45%
Philippines 40%
Philippines 40%
Pakistan 30%
Pakistan 30%
Brazil 20%
Brazil 20%

Cryptocurrency Adoption Around The World

Cryptocurrency has been around for years, but due to the coronavirus pandemic, many countries are finally seeing the advantages of digital currencies. Cryptocurrency has been around for years, but due to the coronavirus pandemic, many countries are finally seeing the advantages of digital currencies. 

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Cryptocurrency Adoption Around The World

Cryptocurrency has been around for years, but due to the coronavirus pandemic, many countries are finally seeing the advantages of digital currencies. Cryptocurrency has been around for years, but due to the coronavirus pandemic, many countries are finally seeing the advantages of digital currencies. 

North America

Cryptocurrency Adoption in North America

North America is a prominent player in the global cryptocurrency ecosystem, with varying levels of adoption and regulatory progress across the region's countries. While countries like the United States, Canada, and Mexico are at the forefront, smaller nations and territories are also making significant strides.
North America comprises 22 countries, including both large nations and smaller island states. Below is the full list:

  1. Canada
  2. Mexico
  3. Guatemala
  4. Belize
  5. Honduras
  6. El Salvador
  7. Nicaragua
  8. Costa Rica
  9. Panama
  10. Bahamas
  11. Cuba
  12. Jamaica
  13. Haiti
  14. Dominican Republic
  15. Antigua and Barbuda
  16. Saint Kitts and Nevis
  17. Saint Lucia
  18. Saint Vincent and the Grenadines
  19. Barbados
  20. Grenada
  21. Trinidad and Tobago
  22. United State

Each country in the region represents a unique context for cryptocurrency adoption, influenced by factors such as economic stability, internet penetration, and regulatory attitudes. While the United States and Canada lead in terms of adoption and infrastructure, smaller nations like El Salvador are notable for bold initiatives, such as adopting Bitcoin as legal tender.

South America

Cryptocurrency Adoption in South America

South America is experiencing a growing wave of cryptocurrency adoption, driven by economic instability, inflation, and the need for financial inclusion. Cryptocurrencies like Bitcoin and Ethereum are increasingly used as alternatives to traditional currencies, remittance tools, and hedges against inflation. The region is characterized by varying levels of adoption and regulatory approaches among its countries.
South America is composed of 12 independent countries and 2 territories. Below is the list of all countries:

  1. Argentina
  2. Bolivia
  3. Brazil
  4. Chile
  5. Colombia
  6. Ecuador
  7. Guyana
  8. Paraguay
  9. Peru
  10. Suriname
  11. Uruguay
  12. Venezuela

Each country has unique characteristics influencing its economic policies, technological development, and cryptocurrency adoption.

Central America

Cryptocurrency Adoption in Central America

Central America has emerged as a critical region for cryptocurrency adoption, especially with El Salvador’s historic move to make Bitcoin legal tender. The adoption trends are shaped by the need for financial inclusion, reliance on remittances, and interest in innovative financial technologies. Despite challenges like regulatory uncertainty and limited infrastructure in some areas, the region demonstrates growing enthusiasm for blockchain and crypto solutions.

Central America consists of seven independent countries:

  1. Belize
  2. Costa Rica
  3. El Salvador
  4. Guatemala
  5. Honduras
  6. Nicaragua
  7. Panama

These nations form the narrow land bridge connecting North and South America. Central America is a distinct region with a rich cultural history and economies heavily influenced by agriculture, trade, and remittances. Its geographical location also makes it a critical area for exploring cryptocurrency and blockchain technologies, particularly for financial inclusion and remittance solutions.

Europe

Cryptocurrency Adoption in Europe

Europe has become one of the most dynamic regions for cryptocurrency adoption, with diverse levels of interest, usage, and regulatory development across its countries. The European Union (EU) plays a central role in shaping the region’s approach to crypto, balancing innovation with regulation. Meanwhile, non-EU countries contribute to the region’s growing adoption, often implementing unique approaches to leveraging cryptocurrency technology.

Europe comprises 44 countries and several territories. Here is the full list:

  1. Albania
  2. Andorra
  3. Armenia
  4. Austria
  5. Azerbaijan
  6. Belarus
  7. Belgium
  8. Bosnia and Herzegovina
  9. Bulgaria
  10. Croatia
  11. Cyprus
  12. Czech Republic
  13. Denmark
  14. Estonia
  15. Finland
  16. France
  17. Georgia
  18. Germany
  19. Greece
  20. Hungary
  21. Iceland
  22. Ireland
  23. Italy
  24. Kazakhstan (partly in Europe)
  25. Kosovo
  26. Latvia
  27. Liechtenstein
  28. Lithuania
  29. Luxembourg
  30. Malta
  31. Moldova
  32. Monaco
  33. Montenegro
  34. Netherlands
  35. North Macedonia
  36. Norway
  37. Poland
  38. Portugal
  39. Romania
  40. Russia (partly in Europe)
  41. San Marino
  42. Serbia
  43. Slovakia
  44. Slovenia
  45. Spain
  46. Sweden
  47. Switzerland
  48. Turkey (partly in Europe)
  49. Ukraine
  50. United Kingdom
  51. Vatican City

Europe’s adoption of cryptocurrency is characterized by innovation, regulatory clarity in some jurisdictions, and significant institutional involvement. The region’s focus on balancing innovation with consumer protection positions it as a key player in the global crypto landscape. From Germany's progressive tax laws to Switzerland's blockchain-friendly environment, Europe offers diverse opportunities for cryptocurrency adoption and development.

Asia

Cryptocurrency Adoption in Asia

Asia is one of the most vibrant and diverse regions for cryptocurrency adoption, characterized by rapid innovation, varied regulatory approaches, and high user engagement. The region has emerged as a global hub for cryptocurrency mining, trading, and blockchain development, with countries like China, Japan, South Korea, and Singapore leading the way. However, Asia's adoption landscape is highly heterogeneous, with some nations embracing crypto as a transformative financial tool while others impose strict restrictions.

Asia comprises 49 countries spanning the Middle East, Central Asia, South Asia, and East Asia. Here is the full list:

  1. Afghanistan
  2. Armenia
  3. Azerbaijan
  4. Bahrain
  5. Bangladesh
  6. Bhutan
  7. Brunei
  8. Cambodia
  9. China
  10. Cyprus (geopolitically West Asia)
  11. Georgia (partly in Europe)
  12. India
  13. Indonesia
  14. Iran
  15. Iraq
  16. Israel
  17. Japan
  18. Jordan
  19. Kazakhstan
  20. Kuwait
  21. Kyrgyzstan
  22. Laos
  23. Lebanon
  24. Malaysia
  25. Maldives
  26. Mongolia
  27. Myanmar (Burma)
  28. Nepal
  29. North Korea
  30. Oman
  31. Pakistan
  32. Palestine
  33. Philippines
  34. Qatar
  35. Saudi Arabia
  36. Singapore
  37. South Korea
  38. Sri Lanka
  39. Syria
  40. Tajikistan
  41. Thailand
  42. Timor-Leste (East Timor)
  43. Turkey (partly in Europe)
  44. Turkmenistan
  45. United Arab Emirates (UAE)
  46. Uzbekistan
  47. Vietnam
  48. Yemen

Asia's cryptocurrency adoption is a study in contrasts, with some countries serving as global leaders in innovation and others imposing strict controls. The region's vast population, growing digital economy, and diverse use cases position it as a crucial player in the future of cryptocurrencies and blockchain technology.

Africa

Cryptocurrency Adoption in Africa

Africa is rapidly becoming a significant player in the global cryptocurrency landscape, with adoption driven by economic challenges, high remittance costs, and a large unbanked population. While the continent faces hurdles such as regulatory uncertainty and infrastructure gaps, it demonstrates unique and innovative uses of cryptocurrency to address financial needs and promote economic inclusion.

Africa comprises 54 sovereign countries and a few territories. Below is the complete list:

  1. Algeria
  2. Angola
  3. Benin
  4. Botswana
  5. Burkina Faso
  6. Burundi
  7. Cabo Verde (Cape Verde)
  8. Cameroon
  9. Central African Republic (CAR)
  10. Chad
  11. Comoros
  12. Congo, Democratic Republic of the
  13. Djibouti
  14. Egypt
  15. Equatorial Guinea
  16. Eritrea
  17. Eswatini (Swaziland)
  18. Ethiopia
  19. Gabon
  20. Gambia
  21. Ghana
  22. Guinea
  23. Guinea-Bissau
  24. Ivory Coast (Côte d'Ivoire)
  25. Kenya
  26. Lesotho
  27. Liberia
  28. Libya
  29. Madagascar
  30. Malawi
  31. Mali
  32. Mauritania
  33. Mauritius
  34. Morocco
  35. Mozambique
  36. Namibia
  37. Niger
  38. Nigeria
  39. Rwanda
  40. São Tomé and Príncipe
  41. Senegal
  42. Seychelles
  43. Sierra Leone
  44. Somalia
  45. South Africa
  46. South Sudan
  47. Sudan
  48. Tanzania
  49. Togo
  50. Tunisia
  51. Uganda
  52. Zambia
  53. Zimbabwe

Africa’s cryptocurrency adoption is driven by necessity, with unique applications tailored to address its economic and financial challenges. Countries like Nigeria, South Africa, and Kenya are leading the way, setting the stage for the continent to play a vital role in the global crypto ecosystem. The combination of grassroots innovation and increased interest in blockchain solutions positions Africa as a promising frontier for cryptocurrency adoption.

Oceania

Cryptocurrency Adoption in Oceania

Oceania, a region that includes Australia, New Zealand, and several Pacific Island nations, has shown growing interest in cryptocurrency and blockchain technology. While the adoption levels vary across the region, Oceania is notable for its progressive regulatory frameworks, innovative blockchain projects, and the increasing use of crypto for financial inclusion, particularly in remote and underserved areas.

Oceania consists of 14 independent countries and several territories, grouped into four regions: Australasia, Melanesia, Micronesia, and Polynesia. Here’s the full list:

Australasia

  1. Australia
  2. New Zealand

Melanesia

  1. Fiji
  2. Papua New Guinea
  3. Solomon Islands
  4. Vanuatu

Micronesia

  1. Kiribati
  2. Marshall Islands
  3. Micronesia (Federated States of)
  4. Nauru
  5. Palau

Polynesia

  1. Samoa
  2. Tonga
  3. Tuvalu

Oceania is carving its niche in the global cryptocurrency ecosystem with progressive regulatory environments in Australia and New Zealand and the potential for transformative use cases in the Pacific Islands. While adoption is uneven across the region, Oceania’s unique challenges and opportunities make it a promising area for crypto and blockchain innovation.

Antarctica

Countries Under Antarctica

Antarctica is not divided into countries, as it is governed internationally under the Antarctic Treaty, which designates the continent for peaceful research and bans military activity. Several nations have territorial claims, but these are held in abeyance under the treaty.

Countries with research stations and active presence in Antarctica include:

  1. Argentina
  2. Australia
  3. Chile
  4. France
  5. New Zealand
  6. New Zealand
  7. Norway
  8. United Kingdom
  9. United States
  10. Russia
  11. South Africa
  12. China
  13. India
  14. Germany
  15. Japan
  16. Brazil
  17. South Korea

These countries manage research bases but do not "own" the land under the Antarctic Treaty.

While Antarctica's lack of a permanent population and infrastructure limits cryptocurrency adoption, the continent offers unique opportunities for blockchain experimentation, particularly in environmental science and international collaboration. For now, cryptocurrency remains a symbolic and niche topic within the context of Antarctica.

Cryptocurrency Adoption Insights

Global Cryptocurrency Adoption Growth: When Did Crypto Adoption Surge Started:

As the world of finance, especially decentralized finance, continues to evolve rapidly, there is a lot of bad information or misinformation regarding the growth and adoption of cryptocurrencies.

If you read the mainstream press, you might hear about fraud, scams, and crypto crime. If you read social media, it might seem like everyone is either getting rich or losing fortunes.

As the world of finance, especially decentralized finance, continues to evolve rapidly, there is a lot of bad information or misinformation regarding the growth and adoption of cryptocurrencies.

If you read the mainstream press, you might hear about fraud, scams, and crypto crime. If you read social media, it might seem like everyone is either getting rich or losing fortunes.

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Aimed at business users of UPay, this section covers topics like using crypto for business transactions, managing business finances with cryptocurrencies, and insights on how businesses can leverage UPay’s services for efficiency and growth in the crypto economy.

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