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41% Population Own Crypto In Vietnam

According to a poll conducted by Finder.com, Vietnam has the greatest level of retail crypto investments, with 41% of respondents confirming ownership of at least one cryptocurrency. The United Kingdom and the United States, on the other hand, were at the bottom of the list, with only 9% and 8% of respondents owning cryptocurrency, respectively.

 

Google was used to conduct the study, which included 42,000 respondents from 27 nations. The paper did acknowledge, however, that because Google’s infrastructure differed across regions, the findings were unlikely to be typical of the entire country. This is due to the fact that the sample was more likely to have examined families that were interested in crypto investments, such as those with Internet access in regions where electricity is scarce.

 

Nonetheless, India and Indonesia came in second and third, respectively, with 30 percent and 30 percent of respondents owning crypto. Malaysia and the Philippines were also close behind, behind by only a few percentage points.

 

According to the survey, remittances were the primary driver of the increase in retail crypto ownership in these Asian countries. They all have big migratory populations that live and work in the Western world. As a result, the money they send home is likely to be in the form of cryptocurrencies to avoid expensive transaction and conversion fees.

 

The conclusions of this survey, in terms of the demographic breakdown of crypto investors, were similar to those of previous studies undertaken for particular countries. Men were found to be more likely to hold crypto than women in each country, resulting in significant gender inequalities among crypto owners. Despite the fact that the average percentage of crypto investors was 19 percent, it was discovered that the average percentage for men was 22 percent, while the average proportion for women was just 15 percent. The pay discrepancy between men and women was mentioned in the study as a probable cause of this disparity.