Cryptocurrency trading has become increasingly popular in recent years, with more and more people looking to invest in digital currencies. With the growth of the crypto market, it’s no surprise that the number of crypto traders has also grown significantly.
So, which country has the most crypto traders? According to a recent report, the top 10 countries with the highest number of crypto users in 2022 are indonesia, brazil, singapore, south korea, malaysia, thailand, the philippines, india, japan, and china.
Indonesia tops the list with 16.4% of its population owning cryptocurrency. This is followed by brazil with 16.1%, singapore with 15.6%, south korea with 13.4%, and malaysia with 13.2%. Thailand, the philippines, india, japan, and china round out the top 10 with 12.3%, 11.3%, 10.2%, 9.2%, and 8.7% of their population owning cryptocurrency, respectively.
The popularity of cryptocurrency trading in these countries can be attributed to a number of factors. For example, in indonesia, the government has been supportive of the crypto industry, allowing for the development of a thriving crypto ecosystem. In brazil, the government has also been supportive of the crypto industry, and the country is home to some of the largest crypto exchanges in the world.
In singapore, the government has taken a more hands-off approach to crypto regulation, allowing for the development of a vibrant crypto trading environment. South korea is home to some of the largest crypto exchanges in the world, and the country has seen a surge in crypto trading activity in recent years. Malaysia has also seen a surge in crypto trading activity, with the government taking a more supportive stance towards the industry.
Overall, the countries with the highest number of crypto traders in 2022 are indonesia, brazil, singapore, south korea, malaysia, thailand, the philippines, india, japan, and china. These countries have seen a surge in crypto trading activity in recent years, thanks to supportive government policies and the development of a vibrant crypto ecosystem.