Top 5 Countries with the Highest Number of Cryptocurrency Holders
According to a report by global company Triple-A, the five countries with the highest number of cryptocurrency holders stand out for their favorable legislative frameworks or economic contexts that encourage the adoption of digital assets.
United Arab Emirates Leads the Way
The United Arab Emirates tops the list with a possession rate of 25.3%, supported by free zones like Dubai, where crypto businesses benefit from relaxed regulations and incentives.
Singapore Follows Closely
Singapore comes in second with a rate of 24.4%, thanks to an environment conducive to blockchain development.
Turkey and Argentina See High Adoption Rates
Turkey (19.3%) and Argentina (18.9%) record high adoption rates due to economic instability and high inflation, prompting their citizens to seek alternatives to traditional currencies.
Thailand Completes the Top 5
Thailand rounds out the top 5 with 17.6% of its population invested in cryptocurrencies.
Africa's Leader: South Africa
On the African continent, South Africa stands out with 12.4% of its population holding cryptocurrencies, placing it 15th globally.
