Nigeria leads in crypto use, ownership despite ban

Nigeria has emerged top of 10 leading countries in the use and ownership of cryptocurrency, a new research has shown.

This according to new research, is despite the disapproval by the Central Bank of Nigeria (CBN) on cryptocurrency trading.

The study conducted by online Trading Browser analyzed data on cryptocurrency ownership and usage. The ranking was done via the percentage of the population that reported that they used or owned cryptocurrency each year from 2019 to 2022.

Nigeria topped the list with 45 percent of the population using or owning cryptocurrency last year.

The nation boasts over 90 million people using the cryptocurrency – that’s almost 1.5 times the population of the United Kingdom (UK).

From 2019 to 2022, Nigeria saw a 17 percent total increase in ownership and use from 28 percent to 45 percent, equating to over 34 million people adopting cryptocurrency over the three years.

Coming in second place in Thailand. The Southeast Asian country has a massive 44 percent of its population reporting using or owning cryptocurrency – equal to just over 30 million people.

According to, the number three spot belongs to Turkey. The transcontinental country has 40per cent of its population owning and using cryptocurrency in 2022, equal to over 33 million people.

The first South American country on the list, Argentina, comes in fourth with an ownership and usage rate of 35 percent in 2022 – almost 16 million people.

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