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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.
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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.
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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.”
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
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