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Cryptocurrency News Articles

Nigeria Not Among the Top 10 Cryptocurrency-Obsessed Countries in the World

Mar 30, 2025 at 11:53 pm

A new report by Atmos has revealed that Nigeria is not among the 10 most cryptocurrency-obsessed countries in the world despite a growing interest in digital assets among citizens.

Nigeria Not Among the Top 10 Cryptocurrency-Obsessed Countries in the World

A new report by Atmos has revealed that the United Arab Emirates (UAE) is the most crypto-obsessed country in 2025, with over a quarter of its population owning at least a digital coin.

The report, which was made available to Business Post on Wednesday, also revealed that the country has exceptional adoption growth at 210 per cent and moderate searches despite having minimal Bitcoin ATM infrastructure.

This ranking was based on an analysis of several factors, including the percentage of the population who own cryptocurrency, adoption growth since 2022, monthly crypto searches, and the density of Bitcoin ATM networks.

The UAE's ranking in terms of crypto ownership is noteworthy, especially considering the country's relatively small population.

However, it's interesting to note that the UAE's ranking in terms of crypto ownership is noteworthy, especially considering the country's relatively small population.

The country's high level of crypto adoption may be due to several factors, such as the government's supportive stance towards digital assets and the growing interest in crypto among the younger generation.

The report also revealed that the United States is third on the list with an ownership rate of 15.5 per cent and is leading in Bitcoin ATMs, housing nearly 30,000 units, which contributes to the country's high ranking.

The country also records the highest number of crypto searches, surpassing 4.2 million monthly, which indicates a continued mainstream interest in digital assets.

Meanwhile, Canada is fourth on the list with an adoption growth rate at 225 per cent, and 10.1 per cent of its population now holding cryptocurrency. It also hosts the second-largest Bitcoin ATM network globally with 3,561 machines, which are dramatically fewer than the U.S. but thousands more than any previous country.

The report further disclosed that Turkey secured the fifth spot with a surprising 19.3 per cent in crypto ownership and a monthly search rate of 802,000. While adoption growth of 135 per cent is slightly lower than other top-ranked countries, Turkey's increasing reliance on digital assets amid economic uncertainty is evident.

The sixth place went to Germany with a remarkable 225 per cent adoption growth rate since 2022, showcasing a burgeoning interest in crypto. Moreover, with over one million crypto-related searches per month, the country's engagement with digital assets is evident.

Switzerland ranked seventh, Australia occupied eighth place, Argentina ranked ninth and South Korea completed the top 10 despite having no Bitcoin ATMs.

The countries where the proportion of the population who own cryptocurrency was also analysed to provide insight into the levels of crypto adoption across the globe.

The research also highlighted the role of Bitcoin ATM density in the crypto landscape. While the U.S. had the highest density, other countries like Canada and the Netherlands also had a significant presence of Bitcoin ATMs, which could be facilitating greater accessibility and spurring adoption in these regions.

The findings provide valuable insights into the ever-evolving world of cryptocurrency and the factors that are influencing its adoption in different parts of the world.

The chief executive of Atmos, Nick Cooke, explained, "Cryptocurrency adoption is not just about investment trends. It is reshaping financial systems worldwide. In some regions, it is a hedge against inflation and currency instability, while in others, it is a step toward a more digitized economy.

"What truly drives adoption is not just interest but accessibility. When regulatory clarity, payment integration, and real-world utility align, crypto moves from speculation to a fundamental part of everyday transactions.

"As global financial landscapes shift, the countries embracing this evolution will be the ones setting the standard for the future of digital finance."

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