Full list of countries with the highest number of crypto investors
Crypto investors in many countries are an unstoppable force and challenge the traditional financial systems. Governments around the world are taking notice of the trillion-dollar investment in crypto and financial regulators are trying to limit its growth. Despite the opposition, the crypto markets are thriving by attracting new and first-time investors every day.
From America to Asia and Africa, the crypto markets have spread their wings far and wide across all countries around the world. The United Nations Conference on Trade and Development (UNCTAD) published a report highlighting a list of countries with the highest number of crypto investors.
Data from UNCTAD shows that war-torn Ukraine has the highest number of crypto investors in the world. Around 12.7% of Ukrainians have invested in cryptocurrencies. Neighboring Russia comes second on the list as 11.9% of Russians have put their money in crypto. The United States takes sixth place as 8.3% of Americans now dabble in crypto.
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List of countries with the highest number of crypto investors
Below is the full list of the top 20 countries with the highest number of cryptocurrency investors, according to UNCTAD.
- Ukraine 12.7%
- Russia – 11.9%
- Venezuela – 10.3%
- Singapore – 9.4%
- Kenya – 8.5%
- USA – 8.3%
- India – 7.3%
- South Africa – 7.1%
- Nigeria – 6.3%
- Colombia – 6.1%
- Vietnam – 6.1%
- Thailand – 5.2%
- United Kingdom – 5.8%
- Brazil – 4.9%
- Pakistan – 4.1%
- Philippines – 4%
- South Korea – 3.8%
- Peru – 3.7%
- Belarus – 3.7%
- Australia – 3.4%
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Crypto investors in terms of population
While Ukraine and Russia are still at the top, India ranks first in terms of crypto investors per population. India’s population is 1.38 billion and 7.3% of crypto investors make up 100.4 million owners. India has the highest number of crypto investors in the world. However, the Indian government has imposed a 30% tax on crypto transactions along with a 1% TDS.
Indian investors find the tax laws draconian as the average Joe is left with little or no profit. Additionally, India’s financial regulator, the Enforcement Directorate (ED), is investigating crypto trading platforms and also seized some of their bank accounts.
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The future of cryptos in India hangs in the balance as the government is bitter towards investors. All these developments dampen spirits and the number of crypto investors in India may gradually decline.
