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Based on the newest Finder Cryptocurrency Adoption Index, in October 2021, Nigeria had the very best charge of cryptocurrency possession globally, at 24.2%.
Bitcoin Is the Most Common Coin in Nigeria
Along with discovering the West African nation because the nation with the very best proportion of residents that maintain cryptocurrencies globally, the survey additionally found that “of the 1 in 4 on-line adults in Nigeria who personal some type of cryptocurrency, bitcoin is the most well-liked coin in Nigeria at 66.5% of crypto homeowners.” Alternatively, this implies greater than half of the 24.2% of Nigerian respondents that personal cryptocurrencies are in reality bitcoin holders.
However, the survey findings recommend ethereum (ETH) is the second hottest coin with Nigerian cryptocurrency holders, at 23.8%. Regardless of this seemingly excessive charge of curiosity in ETH, the ratio of Nigerians holding this cryptocurrency relative to different nations remains to be decrease, the survey knowledge suggests.
In truth, based on the survey, the 23.8% ETH possession ratio is simply sufficient to see Nigeria being ranked the fifteenth nation out of a complete of twenty-two nations.
Dogecoin in Third Place
In the meantime, the survey findings present the meme coin, dogecoin, in third place at 21.8%. This ratio in flip is sufficient to see Nigeria characteristic within the high ten. The survey report explains:
Dogecoin is the third hottest selection with crypto adopters in Nigeria, with 21.8% of adults who personal crypto holding the coin. This makes it the eighth ranked nation in our checklist of twenty-two nations when it comes to dogecoin possession amongst those who personal crypto.
When it comes to the make-up of cryptocurrency homeowners in Nigeria, the survey discovered 62.9% of Nigerian crypto homeowners to be males whereas girls account for the rest.
In different phrases, this disparity between the variety of women and men that personal crypto means males are 1.7 occasions extra more likely to personal crypto. With the common determine globally at 1.5, this implies Nigeria has the eleventh highest male dominance of the 22 nations.
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Bitcoin NewsNews, Bitcoin hodlers, Bitcoin Possession, cryptocurrency possession, dogecoin, ETH, Ethereum, nigeria cryptocurrency, Possession, Survey
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