In keeping with the most recent Finder Cryptocurrency Adoption Index, in October 2021, Nigeria had the best fee of cryptocurrency possession globally, at 24.2%.
Bitcoin Is the Most Well-liked Coin in Nigeria
Along with discovering the West African nation because the nation with the 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 actually bitcoin holders.
Alternatively, the survey findings counsel ethereum (ETH) is the second hottest coin with Nigerian cryptocurrency holders, at 23.8%. Regardless of this seemingly excessive fee of curiosity in ETH, the ratio of Nigerians holding this cryptocurrency relative to different international locations continues to be decrease, the survey information suggests.
In truth, in keeping with the survey, the 23.8% ETH possession ratio is barely sufficient to see Nigeria being ranked the fifteenth nation out of a complete of twenty-two international locations.
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 prime 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 international locations 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 men and women that personal crypto means males are 1.7 instances extra prone to personal crypto. With the common determine globally at 1.5, this implies Nigeria has the eleventh highest male dominance of the 22 international locations.
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