The experts at HedgewithCrypto have analysed each country, based on the percentage of the population adopting crypto, the number of crypto ATMs and the online popularity of crypto to reveal which country has seen the biggest adoption of crypto adoption over the last three years.
Top 10 countries ready for crypto adoption:
|
Rank |
Country |
Crypto adoption rate (%) |
Crypto ATMs |
Increase in Google searches since 2020 (%) |
Crypto-ready score out of 10 |
|
1 |
Australia |
18% |
240 |
196% |
7.37 |
|
2 |
United States |
16% |
33,639 |
166% |
7.07 |
|
3 |
Brazil |
24% |
25 |
355% |
6.81 |
|
4 |
United Arab Emirates |
34% |
6 |
261% |
6.41 |
|
5 |
Hong Kong |
16% |
146 |
209% |
6.40 |
|
6 |
Taiwan |
14% |
40 |
278% |
6.20 |
|
7 |
India |
25% |
2 |
316% |
6.12 |
|
8 |
Canada |
14% |
2,640 |
185% |
6.10 |
|
9 |
Turkey |
40% |
14 |
123% |
6.07 |
|
10 |
Singapore |
25% |
0 |
234% |
6.02 |
In 2023, Australia emerges as a leading nation in terms of cryptocurrency readiness, boasting a commendable score of 7.37 out of 10. The adoption of cryptocurrency among the Australian population has witnessed remarkable growth, surpassing expectations. Since 2020, the percentage of Australians embracing crypto has more than doubled, soaring from 8% to an impressive 18%. This surge in adoption is mirrored by a substantial surge in Google searches related to cryptocurrencies, with an astounding 196% increase since 2020, indicating a heightened interest and curiosity among Aussies. It is worth noting that Australia maintains a legal and well-regulated environment for the sale of cryptocurrencies and other digital assets, ensuring a secure and transparent marketplace for enthusiasts and investors alike.
In terms of crypto adoption, the United States holds the impressive position of being the second most crypto-ready country, with a commendable score of 7.07 out of 10. The nation has made significant strides in bolstering its cryptocurrency infrastructure, evident from the remarkable growth in the number of crypto ATMs. Since 2020, the US has witnessed a staggering 403% increase, resulting in a total of 33,630 crypto ATMs spread across the country. Notably, the United States far surpasses other nations in terms of crypto ATM availability, boasting over 30,000 more ATMs than any other country. Furthermore, the country has experienced a notable surge in public interest, as indicated by a significant 166% rise in Google searches related to cryptocurrencies since 2020. These developments reflect the USA’s proactive approach to embracing and integrating cryptocurrencies into its financial ecosystem.
With a score of 6.81 out of 10, Brazil stands out as the third most crypto-ready country when it comes to crypto adoption. Notably, there has been a substantial surge in average monthly searches for crypto in Brazil, indicating a significant rise in interest and curiosity surrounding cryptocurrencies within the country. The increase in these searches amounts to an impressive 355%, underscoring the growing fascination with crypto in Brazil. Furthermore, Brazil has made noteworthy progress in expanding its cryptocurrency infrastructure. From having zero ATMs in 2020, the country has now successfully established 25 crypto ATMs, providing greater accessibility to crypto enthusiasts. Additionally, Brazil has taken a significant step forward in embracing cryptocurrencies by enacting a new bill in December 2022 that legalizes cryptocurrency throughout the entire nation. This legislation paves the way for a regulated and secure environment for cryptocurrency activities in Brazil.
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