Which Is The World's Most Crypto-Aware Population? ConsenSys Report Shows It's This African Nation

In a recent global survey, Nigeria has emerged as the country with the highest level of awareness about cryptocurrencies such as Bitcoin BTC/USD and Ethereum ETH/USD.

Nigeria holds the highest position, surpassing major economies such as the United Kingdom, the United States, Japan, and Germany.

Get direct insights from industry experts at Benzinga’s Future of Digital Assets event taking place in New York City on November 14, 2023. Join the conversations as an active participant, not just a passive observer. Don’t miss this opportunity – secure your early bird discounted tickets today!

The survey also revealed that 70% of Nigerian respondents understood the basic concepts of blockchain technology. Moreover, Nigeria’s knowledge of the crypto sector is reflected in its population’s ownership of cryptocurrencies, with 76% of the 1,001 Nigerian respondents either holding or having previously held cryptocurrencies.

See Also: Altcoin Apocalypse: Crypto Expert Warns Of $60B Market Crash That Could Affect Dogecoin, Shiba Inu, Toncoin And Others

Despite the Central Bank of Nigeria severing ties with cryptocurrency exchanges in February 2021, Half of the survey participants expressed the view that regulators should create legislation that promotes involvement while ensuring the protection of investors.

In contrast, the survey data for the United States showed that while 95% of respondents were aware of crypto, only 50% owned or had previously owned cryptocurrencies.

Photo by Matt Benzero on Shutterstock

Read Next: It's been said that 90% of the world's millionaires built their wealth through real estate. Now it's your turn. Browse private market real estate offerings with minimum investments as low as $100


Engineered by Benzinga Neuro, Edited by Shivdeep Dhaliwal


The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.


Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CryptocurrencyNewsMarketsMediaAfricaBitcoinBlockchainConsenSysNigeria
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!