Australia’s Crypto Surge: 17% Ownership and Growing Adoption Among the Young
The crypto market in Australia has seen significant growth over the past few years in terms of ownership and adoption.
The country has one of the highest rates of cryptocurrency adoption globally, ranking 9th out of 26 countries for crypto adoption, according to Finder’s Crypto Adoption November 2022 report.
Per the report, the crypto ownership rate in Australia is 17%, which is higher than the global average of 15%.
The cryptocurrency user base in Australia is notably young, with a significant portion of crypto investors being under the age of 24.
Bitcoin remains the dominant cryptocurrency in Australia, as it does globally, accounting for a significant share of the cryptocurrency market. However, other cryptocurrencies like Ethereum are also gaining traction among Australian users.
The number of cryptocurrency users in Australia has been steadily increasing.
In 2022, around 25.6% of Australians owned some form of cryptocurrency, a significant rise from previous years.
The trend is supported by a growing interest in digital assets for investment, savings, and transactions.
Bitcoin, Ethereum, and Binance Coin are the top three cryptocurrencies held by Australians.
Dogecoin and Cardano also have a notable presence, although they rank lower in terms of market share, according to Cointree.
Currently, more men than women hold cryptocurrency in Australia. However, the number of women entering the crypto space has been increasing rapidly.
In 2021, the number of women involved in cryptocurrency more than doubled, indicating a trend towards greater gender balance in the industry.
Still, only 31% of crypto owners in the country are women.
The imbalance can partly be attributed to differing financial risk tolerances between genders.
Studie
Read more on cryptonews.com
