Australia’s Adoption Rate Rises Rapidly As 23% Of The Population Holding Crypto

2023-8-18 16:30

Cryptocurrency and blockchain technology are rapidly gaining momentum and widespread acceptance in Australia, with nearly a quarter of the population now owning cryptocurrency assets. 

Almost A Quarter Of The Population Invests In Cryptocurrency

On Wednesday, August 16, Swytyx, an AUSTRAC-registered crypto exchange, unveiled their annual Australian crypto survey results via a Twitter post. According to the cryptocurrency survey conducted by YouGov, a global public opinion and data analytics firm, 23% of Australia’s population now possess cryptocurrency assets. 

The result of the survey executed by Swytyx sought to measure the level of adoption within Australia, and 23% accounts for almost 4.3 million Aussies who have been verified to own cryptocurrencies. 

The surge in cryptocurrency ownership displays a significant transformation in Australia’s view on cryptocurrency technology which demonstrates the growing acceptance of digital currencies as a legitimate means of transaction and investment within the country. 

Reportedly, a large percentage of residents who own cryptocurrency assets are the new generation and surprisingly, it has been revealed that women are more interested in cryptocurrency than men.

While the younger generations, between ages 18-34 hold a considerable portion of crypto investments within the country, there has also been a significant uptick in adoption among the older demographics.  

The rapid increase in cryptocurrency’s growth in the country could be attributed to the favorable crypto regulatory framework within the country. Additionally, almost one million residents have revealed a strong interest in cryptocurrency and are poised to join the wave of cryptocurrency investors in Australia within the next 12 months. 

Crypto Adoption In Australia

Despite the uncertainties surrounding cryptocurrency regulations and investments, Australia has been reported to be one of the most crypto-friendly countries in the world. According to a survey by Finder, the country holds the third-highest rate of crypto adoption at 17.8%. 

In terms of crypto adoption, the country ranks 9th out of 26 countries and has surpassed countries like the Philippines, and Indonesia where cryptocurrency activities have surged over the years. 

Reports reveal that most Australians favor Bitcoin and own the cryptocurrency. This may be because Bitcoin is the most valuable cryptocurrency and was the first cryptocurrency to gain widespread popularity. The second most popular cryptocurrency in the country is Ethereum, followed by Cardano, Dogecoin, and others. 

The Reserve Bank of Australia, Australia’s central bank, has been exploring possibilities of developing a Central Bank Digital Currency (CBDC), and its CBDC pilot program was recently completed. 

Key leaders within the government and finance sector participated in the trial, providing insights and expertise to help push the evolution of the country’s monetary landscape with digital currencies. 

Currently, 1 out of 5 adults in the country own cryptocurrencies with investors in every state within the country. As cryptocurrency continues to evolve, it is believed that digital currencies may become a staple in Australia’s financial system.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Global Cryptocurrency (GCC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0034358 (-100%)

cryptocurrency population crypto australia quarter rapidly exchange

cryptocurrency population → Результатов: 119


Bitcoin Educated: Over 65% Of Oman’s Crypto Owners Have College Degrees, Study Shows

According to the conclusions of a new Souq Analyst survey, about 65,000 of the people in Oman possess bitcoin and other forms of cryptocurrency. Despite the seemingly modest proportion of crypto holders (almost 2% of the country’s adult population), the statistics indicate that crypto knowledge in the Arab state is significantly high. Souq Analyst provides […]

2023-1-15 11:02


Relying On Data Analytics Can Help You Avoid Rug Pulls And Scams

A sizable portion of this world’s population has grown to love trading, buying and selling with all kinds of cryptocurrency assets as well as NFTs. This makes sense too as after all, who wouldn’t want to be a part of one of the fastest-growing industries of all time and earn a lot of money while doing so? However, with such popularity also comes the risk of investing in certain cryptocurrency projects which may turn out to be disingenuous and fraudulent.

2021-12-17 19:41


Фото:

Study: 60% of Digital Asset Holders Store Funds on Exchanges While Half Derive an Income From Crypto

Despite the risks that come with storing crypto assets with third parties, the findings of a new study suggest many cryptocurrency holders still trust exchanges with the safekeeping of their funds. Conducted by Binance Research, the study finds that 60% of “the general population store their cryptocurrencies on an exchange.” In contrast, 26% of the […]

2021-1-29 07:30


Фото:

Current Bitcoin Whale Population Looks Exactly Like September 2017, Just As BTC Ascended To $20K

Over the last few days, bitcoin’s price action has been quite dramatic. On June 15, the bellwether cryptocurrency tumbled below $9k alongside the US stock market which also took a dive. A few hours later, however, the cryptocurrency rebounded to as high as $9,500 after the Fed announced it will begin purchasing individual corporate debt. […]

2020-6-17 14:26


SEC’s aggressive enforcement, Jay Clayton’s chairmanship slowing down cryptocurrency market

The role of regulations for cryptocurrency adoption is pivotal as policies decide the level of exposure the cryptocurrency space can get in front of the general population. The United States’ Securities and Exchange Commission has been one of the most active regulators in this regard, with many of its members gaining an interest in the […] The post SEC’s aggressive enforcement, Jay Clayton’s chairmanship slowing down cryptocurrency market appeared first on AMBCrypto.

2019-10-26 17:30


Фото:

Bitcoin Sentiment Shines in Turkey, Diminishes in the Rest of Europe

A report published by ING shows that the percentage of the population that believes in Bitcoin is slowly decreasing, indicating skepticism for cryptocurrencies in general. With the exception of Turkey, Poland, and Romania, most of Europe does not believe that cryptocurrencies will be an integral part of the financial system in the coming years, AugustRead MoreRead More.

2019-8-19 01:00


Chinese Cryptocurrency Wallet Data Shines Light Into the Mysterious Market

An interview with a representative from imToken, a Chinese digital currency wallet provider, has given rare insight into the cryptocurrency habits of the nation’s population. It appears that Chinese crypto asset enthusiasts have a tendency to prefer non-custodial storage solutions and that mobile-accessed wallets are by far the most popular over their desktop counterparts.

2019-8-10 00:00


Фото:

China and India Are not Comfortable with Libra, Need More Information and Clarity

China and India combined comprise nearly 35 percent of the world population. Bloomberg reported that the People’s Bank of China (PBOC) wants Facebook to reveal more information about Libra while Economic Times noted that the Indian Secretary of Economic Affairs believes the country is not comfortable with private currencies, July 9, 2019.

2019-7-10 11:00


Facebook’s Aging Users & Broke Teens Will Reject GlobalCoin: Report

By CCN: Excitement for Facebook’s forthcoming cryptocurrency, dubbed GlobalCoin, may have hit its first roadblock in adoption. Poor Demographics for GlobalCoin According to research published on May 28 by cryptocurrency analytics firm Diar, Facebook’s payment-focused coin will fail to gain traction based upon the demographics of the platform’s user base.

2019-5-29 05:00