Australia Has Third Highest Rate of Crypto Adoption in the World

According to a survey published on Sunday by comparison site Finder, Australia is more positive on cryptocurrencies than most other countries across the world.

The survey, which is based on the site’s Cryptocurrency Adoption Index, evaluates the growth of cryptocurrency around the world by polling over 41,600 people in 22 countries on a regular basis.

According to Finder’s survey, Australia has the third-highest rate of cryptocurrency ownership, at 17.8%, trailing only Indonesia (16.7%) and Hong Kong, a Chinese special administrative area (15.8 percent ).

According to Finder’s findings, the global average is roughly 11.4 percent.

On Monday, Fred Schebesta, CEO of Finder, told CoinDesk through Signal, “Australians love to bet.” “They’re also quite financially smart… the laws governing cryptocurrency make buying and selling really simple.”

Finder discovered that bitcoin is the most popular cryptocurrency in Australia, with 65.2 percent of Australians owning the world’s largest cryptocurrency, the fifth-highest percentage of all 22 nations studied.

Meanwhile, Ethereum is the second most popular coin on the island nation, with 42.1 percent, and cardano follows in third with 26.4 percent.

Dogecoin and Binance coin are two additional cryptos held by Australian crypto owners, with 23 percent and 14.6 percent, respectively, according to Finder’s statistics.

“Australian banking is very smooth and straightforward to withdraw and deposit,” Schebesta noted. “There are a lot more rules and hurdles in other nations when it comes to getting your money into and out of [crypto].”

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