A study found that Nigeria is home to 22 of Africa’s 53 million cryptocurrency owners.
About 16.5% of the population in Africa owns cryptocurrency — that’s approximately 53 million people. More than 40% of them live in Nigeria — 22.3 million people. This is evidenced by Triple A service data.
The top three countries in the number of crypto holders are:
- The U.S. — 46 million;
- India — 27.4 million;
- Pakistan — 26.5 million.
The rating leader in terms of percentage of the total population is Vietnam, where 20.27% of all citizens own cryptocurrency. The second place goes to Ukraine with 15.72%. In third place is the U.S., where 13.74% of residents own crypto.
Meanwhile, Nigeria is also the world leader in interest in cryptocurrencies in general, as indirectly evidenced by the popularity of the search query “cryptocurrency” and other topical queries, according to Google Trends.
The popularity of cryptocurrencies in Nigeria is due to the active development of the cryptocurrency industry in the country. Among other things, the CBDC project, the digital naira (eNaira), was launched in Nigeria. This is the second example of a full-fledged digital currency launched by a central bank. To date, the digital naira has undergone several stages of refinement and has more than 270,000 active users.
