According to a newly released research report on global trends, Australia has emerged as the leading country in cryptocurrency adoption in 2023. This comes as a surprise to observers who have heard negative rhetoric about crypto from politicians and lawmakers in the country. The adoption rate of crypto among Australia’s population has more than doubled since 2020, increasing from 8% to 18%. Australian interest in crypto has also surged, with a 196% rise in monthly searches for cryptocurrency since 2020.
Australia has outperformed the United States in crypto adoption, with 16% of Americans embracing crypto in 2022 compared to 10% in 2020. Australia has also seen a significant increase in crypto ATMs, with a 403% surge since 2020, making it the country with the highest number of crypto ATMs.
Brazil, the United Arab Emirates, and Hong Kong follow Australia in terms of crypto adoption. It is important to note that different surveys can yield diverse results due to variations in methodology.
The research by HedgewithCrypto used secondary data from sources such as Google Keyword Planner, Coin ATM Radar, Wikipedia, and BuzzSumo. All data for the study was collected on or before January 20, 2023.
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