• Cryptocurrency
  • Earnings
  • Enterprise
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact Us
TechBooky
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Home African

Binance Ranks Nigeria As The Leading Country Per Capita For Bitcoin And Cryptocurrency Adoption In The World

Idara Umoren by Idara Umoren
August 16, 2021
in African
Share on FacebookShare on Twitter

A recent survey that considered evaluating countries according to crypto usage, showed that Nigeria ranks the 1st in cryptocurrency adoption, in the world.

According to the survey, in 2021, about 300 million people globally have owned crypto, or even used it at some point in their lives. In Nigeria, at least 1-in-3 people have owned or used Crypto.

Binance, the largest cryptocurrency platform by trading volume, recently published data about Nigeria ranking 1st globally as per capita for Bitcoin and cryptocurrency adoption, with 1-in-3 Nigerians owning crypto assets in 2020.

According to the survey, certain factors may have made this trend possible. First, of the 200 million people in Nigeria, the larger population, are young people. Also, with this population being tech-savvy, and the prevalence of mobile phone-based P2P payments, the cryptocurrency adoption is something to be expected, as it is already playing out.

Vietnam ranks second by crypto adoption. The Asian nation has seen the increase in demand for crypto by a 100 million, with varying activities including trading, P2P payments and several other utilities.

Read more: The Central Bank Of Nigeria Bans Cryptocurrency, Asks Banks To Shut Down Accounts

Philippines and Turkey ranked third and fourth respectively by crypto adoption and Peru came 5th, in spite of being the most developed nation in Latin America.

As Binance reported on its blog, the ranking was done according to Statista’s survey of selected countries that used or owned crypto in 2020.

Binance says even though presently, over 300 million people have used or owned crypto globally, it is still a long journey on the road to an immersion of the world’s population in crypto adoption. As Binance puts it, 300 million people is just 3.8% of the world’s population, and 5.8% of the people on Earth who are between ages 15-65.

“For context, Google has nearly 4 billion users, Facebook has almost 3 billion users”, Binance noted, adding that by 50% users globally(2.55 billion people aged 15-65), it will become one of the widest-used technologies in the world.

Related Posts:

  • Nigeria And Binance In Talks To Launch Digital Economic Hub To Develop Blockchain Technology
    Nigeria And Binance In Talks To Launch Digital…
  • Binance Now Allows Naira Deposits And Withdrawals Irrespective Of The crypto Ban
    Binance Now Allows Naira Deposits And Withdrawals…
  • RT7YEBQ2Y5OTFAPMEIUUQSOKIE
    Binance Nigeria Is An Illegal Operations Per The SEC…
  • Nigeria-x-Binance-1
    Nigeria, Binance In Early-Stage Talks To Build A…
  • home-screen
    Crypto Exchange FTX's Founder Says Bitcoin Has No…
  • Binance Explains Why Withdrawals Were Paused
  • 22aee16e43e33d890ee49cfcebbe3d94
    Binance Will Exit Nigeria With The End Of Its NGN Services
  • facebook-video
    Despite Government Restrictions, Bitcoin…

Discover more from TechBooky

Subscribe to get the latest posts sent to your email.

Tags: binancecryptocurrencynigeria
Idara Umoren

Idara Umoren

BROWSE BY CATEGORIES

Select Category

    Receive top tech news directly in your inbox

    subscription from
    Loading

    Freshly Squeezed

    • Tech Hype vs. Reality – When Big Tech Missed the Mark Pt. 3 May 11, 2025
    • Google’s Antitrust Showdown, AI vs. Search, and other Headlines May 11, 2025
    • Huawei Officially Launches HarmonyOS for PC May 10, 2025
    • Canada Nears Launch of Instant Payment Technology May 10, 2025
    • Threads Adds Dashboard for Post & Account Limits May 10, 2025
    • Many X Users are Experiencing Timeline Update Issues May 10, 2025

    Browse Archives

    May 2025
    MTWTFSS
     1234
    567891011
    12131415161718
    19202122232425
    262728293031 
    « Apr    

    Popular Tags

    africa (135) AI (497) android (367) app (717) Apple (577) artificial intelligence (419) business (482) china (132) cryptocurrency (210) ecommerce (122) enterprise (287) facebook (507) fintech (244) funding (121) gadget (558) gaming (201) google (710) government (469) instagram (173) internet (467) ios (291) iphone (246) meta (116) microsoft (369) mobile (352) new feature (384) nigeria (440) privacy (158) research (140) samsung (185) security (421) smartphone (277) social media (836) software (509) startup (419) streaming (174) telecom (242) tips (372) twitter (289) united states (216) users (158) videos (127) website (173) whatsapp (201) youtube (138)

    Quick Links

    • About TechBooky
    • Advertise Here
    • Contact us
    • Submit Article
    • Privacy Policy

    About Us

    TechBooky

    TechBooky is a social Tech blog with a special focus on the budding African Technology sector. TechBooky is currently based in Abuja, Nigeria.

    Recent News

    Tech Hype vs. Reality – When Big Tech Missed the Mark Pt. 1

    Tech Hype vs. Reality – When Big Tech Missed the Mark Pt. 3

    May 11, 2025
    Google’s Antitrust Showdown, AI vs. Search, and other Headlines

    Google’s Antitrust Showdown, AI vs. Search, and other Headlines

    May 11, 2025
    Huawei Officially Launches HarmonyOS for PC

    Huawei Officially Launches HarmonyOS for PC

    May 10, 2025
    Canada Nears Launch of Instant Payment Technology

    Canada Nears Launch of Instant Payment Technology

    May 10, 2025
    Advertisement Coming to Threads from Next Year

    Threads Adds Dashboard for Post & Account Limits

    May 10, 2025
    Many X Users are Experiencing Timeline Update Issues

    Many X Users are Experiencing Timeline Update Issues

    May 10, 2025
    • Login

    © 2021 Design By Tech Booky Elite

    Generic selectors
    Exact matches only
    Search in title
    Search in content
    Post Type Selectors
    • African
    • Artificial Intelligence
    • Gadgets
    • Metaverse
    • Tips
    • About TechBooky
    • Advertise Here
    • Submit Article
    • Contact us

    © 2021 Design By Tech Booky Elite

    Discover more from TechBooky

    Subscribe now to keep reading and get access to the full archive.

    Continue reading

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok