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According to a new report from Finder Cryptocurrency Adoption Index, in October, Nigeria topped the rankings of highest cryptocurrency ownership globally, at 24.2%.
In addition to having the highest proportion of crypto ownership by citizens globally, the report also revealed that “of the 1 in 4 online adults in Nigeria who own some form of cryptocurrency, bitcoin is the most popular coin in Nigeria at 66.5% of crypto owners.” This means that more than half of the respondents that held crypto owned Bitcoin (BTC).
Meanwhile, the study showed that Ethereum (ETH) claims the number two spot as favorite coins for Nigerian holders, at 23.8%. Despite the high level of interest for Ethereum globally, the number of Nigerians holding it suggests that they do not fancy it much. The survey noted that the 23.8% ETH ownership puts the most populous African nation at number 15 out of 22 countries.
Furthermore, the study revealed that Dogecoin (DOGE) is the third most common coin owned by citizens of the West African nation, at 21.8%. This number puts Nigeria in the top ten ranking in terms of Dogecoin ownership among countries. The survey explained that:
“Dogecoin is the third most popular choice with crypto adopters in Nigeria, with 21.8% of adults who own crypto holding the coin. This makes it the 8th ranked country in our list of 22 countries in terms of Dogecoin ownership among those that own crypto.”
Men 1.7 Times More Likely to Own Crypto Than Women in Nigeria
Interestingly, the study found that 62.9% of cryptocurrency holders in Nigeria are men, while women account for the rest, 37.1%. This means that men are 1.7 times more likely to own crypto than women. With the global average gender disparity at 1.5, Nigeria has the 11th highest male dominance out of the 22 countries.
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