Australia has third highest crypto adoption rate in the world: Finder survey

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Australia is more bullish on cryptocurrencies than most other countries in the world, according to a survey released by comparison site Finder on Sunday.

The survey, based on the site’s Cryptocurrency Adoption Index, measures crypto growth around the world through a regular survey of more than 41,600 people in 22 countries.

Finder’s survey found that Australia has the third highest cryptocurrency ownership rate at 17.8%, beating countries like Indonesia (16.7%) and the city of Hong Kong, a special administrative region of China (15.8%).

The global average is around 11.4%, according to Finder results.

“Australians love to gamble,” Finder CEO Fred Schebesta told CoinDesk via Signal on Monday. “They are also very savvy in terms of finance … the laws around crypto make it easy to buy and sell.”

Of nearly one in five adults in Australia who owns some form of crypto, Finder found that bitcoin is the most popular coin with 65.2% of Australians owning the world’s largest crypto, the fifth highest percentage. of the 22 countries surveyed.

Ethereum, meanwhile, is the second most popular coin within the island nation with a 42.1% share, while Cardano’s share comes in third at 26.4%.

Two other cryptos that Australian crypto owners currently hold are dogecoin and binance coin which stand at 23% and 14.6% respectively, according to Finder results.

“Banking in Australia is really smooth and very easy to withdraw and deposit,” added Schebesta. “Other countries have a lot more laws and challenges for getting your money in and out. [of crypto]. “

Read more: Major Australian Crypto Exchanges Say Not Threatened By Biggest Players

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