Cryptocurrency is growing strongly outside North America and Europe. For a long time, the United States was at the forefront of the crypto movement. China, until its ban on crypto, was an important nation in terms of crypto mining and exchanges. Now that the movement is spreading across the world, Asian and Oceanian countries are leading the race.
In a new survey, it was revealed that Australia is showing more bullish trends compared to other countries in terms of crypto adoption. A comparison website called published their survey of cryptocurrency adoption index. The survey methodology takes into account the growth indexes of over 41000 individuals spread across 22 countries.
The survey results place Australia at the third position in the global cryptocurrency index. Countries like Indonesia and Honk Kong trail Australia. With a crypto ownership rate of 17.8%, Australia beats Indonesia’s 16.7% and Hong Kong’s 15.8%. The net average adoption rate of the survey stands at around 11.4%.
There are a number of factors influencing Australia’s growth in the crypto space. One of the major reasons is the financial laws of Australia which makes buying and selling crypto a seamless experience. On top of that, Australian’s are, on average, more financially educated than other countries. Betting and gambling is an Aussie cultural phenomenon.
The survey also found that Bitcoin is the most popular cryptocurrency in Australia, which is not a surprise given Bitcoin’s share in the crypto ecosystem. Finder’s survey confirms once again that cryptocurrency is now a global phenomenon. More and more countries will enter the race as we move forward.