This is Europe’s most crypto-curious country (study)

According to Dua Crypto’s research, the Netherlands ranks as the most interested European nation in cryptocurrencies. Russia (where the local central bank is predominantly negative on the asset class) is at the bottom of the list.

Bitcoin (BTC) is the most popular digital currency in most countries, while Dogecoin (DOGE) is second.

The Dutch reached the top

The study estimated that citizens of the Netherlands had performed the highest number of crypto-related searches per capita (0.1299). The leading digital resource by market capitalization – Bitcoin – is the local favorite, while the popular memecoin – Dogecoin – and Cardano are second and third respectively.

Slovenia came second with 0.1181 searches per capita, while Switzerland rounds out the top three with an index of 0.0888. Bitcoin, Dogecoin and Ethereum are the most popular digital assets in both Alpine countries.

It is not the first time Slovenia has made the headlines. The airline Fast Private Jet described it as the most crypto-friendly nation globally since it has the most arenas where digital currencies are accepted as a payment method. At the same time, the capital – Ljubljana – is the most welcoming destination in Europe for blockchain companies.

Dua Crypto determined that Russia is the least interested European country in digital assets (0.0050 searches per capita). The domestic authorities are not completely open to the asset class, with the central bank suggests total ban on them last year.

Belarus and Moldova (former Soviet states) are also at the bottom of the list, with indices of 0.0080 and 0.0069.

How about on a global scale?

Cryptocurrency price tracker CoinGecko rolled out a similar study last summer, estimates that Nigeria is the most crypto-curious nation in the entire world. The United Arab Emirates (UAE) and Singapore, which have recently emerged as blockchain hubs, were ranked second and third.

Bobby Ong – co-founder of CoinGecko – said residents of these countries are most likely to “buy the dip” and have predominantly jumped on the bandwagon for the long term.

Apart from the huge enthusiasm in the asset class, a large section of Nigerians seem to be HODLers. April 2022 KuCoin survey proposed that roughly one in three adults in the African nation has some exposure to cryptocurrencies.

The exchange claimed that the interest could be driven by the limited access to traditional financial services in the region.