Full list of countries with the most crypto investors

0
Full list of countries with the most crypto investors

Crypto investors in many countries are an unstoppable force and are challenging traditional financial systems. Governments around the world are taking notice of the trillion-dollar investment in cryptos and financial regulators are trying to contain its growth. However, despite the opposition, crypto markets are thriving by attracting new investors for the first time every day.

From America to Asia and Africa, crypto markets have spread their wings far and wide in every country in the world. The United Nations Conference on Trade and Development (UNCTAD) has published a report highlighting a list of countries with the most crypto investors.

UNCTAD data shows that war-torn Ukraine has the highest number of crypto investors in the world. About 12.7% of Ukrainians have invested in cryptocurrencies. Its neighboring country, Russia, comes second on the list as 11.9% of Russians have invested their money in cryptos. The United States ranks sixth as 8.3% of Americans are now into crypto.

Read also : Why Ethereum is rallying this month: ETH price rise explained

List of countries with the highest number of crypto investors

Source: Pixabay

Below is the full list of the top 20 countries with the most cryptocurrency investors, according to UNCTAD.

  1. Ukraine 12.7%
  2. Russia – 11.9%
  3. Venezuela – 10.3%
  4. Singapore – 9.4%
  5. Kenya – 8.5%
  6. United States – 8.3%
  7. India – 7.3%
  8. South Africa – 7.1%
  9. Nigeria – 6.3%
  10. Colombia – 6.1%
  11. Vietnam – 6.1%
  12. Thailand – 5.2%
  13. UK – 5.8%
  14. Brazil – 4.9%
  15. Pakistan – 4.1%
  16. Philippines – 4%
  17. South Korea – 3.8%
  18. Peru – 3.7%
  19. Belarus – 3.7%
  20. Australia – 3.4%
Source: UNCTAD

Read also : Here’s how much traffic Binance & Crypto Exchanges lost in 2022

Crypto investors in terms of population

Source: Beincrypto

While Ukraine and Russia remain in the lead, India ranks first in terms of crypto investors by population. India’s population is 1.38 billion and 7.3% of crypto investors make 100.4 million holders. India has the largest number of crypto investors in the world. However, the Indian government imposed a 30% tax on crypto transactions along with a 1% TDS.

Indian investors find the tax laws to be draconian, as the average Joe ends up with little or no profit. Furthermore, Indian financial regulators, the Enforcement Directorate (ED), are investigating crypto trading platforms and have also seized some of their bank accounts.

Read also : Buying Pressure Mounts as Crypto Markets Attract $250 Billion Inflows in 30 Days

The future of cryptos in India is at stake as the government is bitter towards investors. All these developments are chilling, and the number of crypto investors in India might gradually decrease.

LEAVE A REPLY

Please enter your comment!
Please enter your name here