With an estimated 53 million cryptocurrency owners, the African continent now accounts for 16.5% of the global total, according to a study. The study’s findings suggest that Nigeria, which has more than 22 million cryptocurrency owners, currently accounts for more than a third of the total number of owners on the continent.
Nigeria Accounts For More Than A Third Of Africa’s Cryptocurrency Owners
According to the latest Triple A cryptocurrency ownership data, the African continent now has approximately 53 million cryptocurrency owners. This constitutes about 16.5% of the estimated global total of 320 million. Of all cryptocurrency holders in Africa, Nigeria accounts for more than a third of the total, or just over 22 million.
Globally, Nigeria has the fourth-highest number of cryptocurrency owners, while the United States is the top-ranked country, with 46 million cryptocurrency holders. According to the data, India and Pakistan are the next highest ranked countries with 27.4 million and 26.4 million cryptocurrency owners respectively.
Nigerian Bitcoin and Crypto Internet Searches Highest in the World
While Nigeria ranks fourth in terms of cryptocurrency ownership, the country is seen as the world leader when it comes to the “number of people searching for the keywords ‘bitcoin’ and ‘crypto’ on Google.” These findings are apparently supported by the findings of another study, which suggested that Nigeria is the country most obsessed with cryptocurrencies.
Meanwhile, Triple A data shows that South Africa is the African country with the next highest population of cryptocurrency holders at 7.7 million. This figure constitutes almost 12.5% of the population of South Africa. Kenya has the third largest population of cryptocurrency owners in Africa, at 6.1 million or 11.6% of the country’s population.
Rounding out the top five countries in Africa with the highest number of cryptocurrency owners are Egypt and Tanzania, which have 2.37 million and 2.32 million owners, respectively. Seychelles, which has approximately 1,257 cryptocurrency owners, is the lowest ranking African country.
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