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New Report Sees African Countries Leading in Cryptocurrency Adoption

African countries have continued to lead in the use of cryptocurrencies, as revealed in the latest report by Finder.

The report titled Finder’s Cryptocurrency Adoption Index measured the growth of cryptocurrencies worldwide through an ongoing survey of internet users in 26 countries.

Data based on the report revealed that Bitcoin (BTC) is the most popular cryptocurrency among users in Ghana, Kenya, South Africa, and Nigeria.

This is closely followed by Ethereum (ETH) and Dogecoin (DOGE).

According to the report, on the list of the 26 countries examined, Ghana took the lead in Africa, ranking at 53 percent.

Others on the list included Nigeria at 48 percent, South Africa at 47 percent, and Kenya at 46 percent.

In the ownership of cryptocurrency, Ethereum, Nigeria led in West Africa with 25 percent ownership, while Ghana and Kenya, were both ranked at 19 percent.

For Dogecoin, Kenya led in the number of owners with 19 percent, Nigeria at 17 percent and Ghana followed with 16 percent.

Based on the report, the least-owned cryptocurrency among the surveyed African countries was Cardano with the highest ownership by Kenya, at 16 percent.

Others include Ghana and Nigeria with 15 and 10 percent respectively.

Paired with last year’s data, the report depicts an increment, despite the event market downturn.

Nigeria for instance had a 16.1 percent rating in Bitcoin Adoption in October 2021.

 

 

 

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Crypto Stats


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin23,013 0.11 % 0.37 % 1.35 %
Ethereum1,593.2 0.21 % 1.00 % 4.10 %
Tether1.000 0.02 % 0.00 % 0.03 %
USD Coin1.000 0.10 % 0.02 % 0.05 %
BNB308.27 0.22 % 1.00 % 1.09 %
XRP0.4122 0.10 % 0.53 % 0.33 %
Binance USD1.000 0.01 % 0.11 % 0.00 %
Cardano0.3875 0.35 % 2.04 % 6.56 %
Dogecoin0.09021 0.17 % 4.97 % 4.33 %
Polygon1.130 0.03 % 4.92 % 10.76 %