In Finder's 27-country survey, Vietnam takes the lead in crypto usage

Finder.com, a financial product comparison site, has issued its newest crypto study, which examines adoption patterns in 27 countries spanning Europe, Asia, and the Americas. When it comes to cryptocurrency adoption, emerging economies like Vietnam, India, and Indonesia are leading the way, highlighting crucial use cases for digital assets such as remittances and financial inclusion.


According to Finder's poll of 42,000 people in 27 countries, Vietnam has the greatest adoption rate, with 41% of respondents claiming to have bought bitcoin. Twenty percent of Vietnamese people claimed they have bought Bitcoin (BTC), the highest percentage of any country asked.

Finder's poll validated earlier statistics demonstrating that Vietnam is punching above its weight when it comes to crypto adoption. Despite having only the 53rd largest country in terms of GDP, Vietnam placed 13th in achieved Bitcon gains for 2020.

According to the Finder report, the following are some of the reasons why people buy cryptocurrency in Vietnam:

“With cryptocurrencies as an option for migrants who wish to send money home and avoid exchange fees, remittance payments may have played a big part in these numbers.”

Adoption was also very strong in Asia, with 30% of respondents in Indonesia and India claiming to have bought cryptocurrency. In Malaysia, this proportion was 29%, and in the Philippines, it was 28%.

Adoption rates were lowest in the United Kingdom and the United States, with 8% and 9%, respectively, on the other end of the spectrum.

The study contained between 1,160 and 2,511 respondents for each country represented. “Not all surveys were nationally representative due to the differing Google infrastructure in each territory,” according to the report.

The report also found high adoption patterns in a number of Latin American countries, with 22% of Brazilian respondents claiming to have bought cryptocurrency. Due to rising inflation, tighter capital controls, and a deteriorating fiscal outlook, the digital asset class is fast expanding across the continent. At least two crypto-exchange unicorns have emerged in the region, a term used to describe companies valued at $1 billion or more.

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