Share this article
Australia Has Third-Highest Rate of Crypto Adoption in the World: Finder Survey
Almost 18% of the country’s population owns crypto.
Updated May 11, 2023, 4:48 p.m. Published Oct 19, 2021, 12:45 a.m.
Australia is more bullish on cryptocurrencies than most other countries around the world, according to a survey published by comparison site Finder on Sunday.
The survey, based on the site’s Cryptocurrency Adoption Index, measures the growth of crypto globally through a regular survey of more than 41,600 individuals across 22 countries.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Finder’s survey found Australia has the third-highest rate of crypto ownership at 17.8%, topping such countries as Indonesia (16.7%) and the city of Hong Kong, a special administrative region of China (15.8%).
The global average is 11.4%, according to Finder’s results.
“Australian’s love to gamble,” Finder CEO Fred Schebesta told CoinDesk via Signal on Monday. “They are also super savvy in terms of finance ... the laws around crypto make it super smooth to buy and sell.”
Advertisement
Of the nearly 1 in 5 adults in Australia who own some form of crypto, Finder found bitcoin is the most popular coin as 65.2% of Australians who own crypto own the world’s largest crypto, the fifth-highest percentage of all 22 countries surveyed.
Ethereum, meanwhile, is the second-most popular coin in the country with a share of 42.1% among those who own crypto, while cardano’s share comes in third at 26.4%.
Two other cryptos Australian crypto owners hold are dogecoin (23%) and binance coin (14.6%), according to Finder’s results.
“Banking in Australia is really smooth and super easy to withdraw and deposit,” Schebesta added. “Other countries have a lot more laws and challenges around getting your money in and out [of crypto].”
Read more: Top Australian Crypto Exchanges Say They Aren’t Threatened by the Bigger Players
More For You
Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
需要了解的:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
Top Stories
