CoinMarketCap has released statistics about the countries with the most interest growth in cryptocurrencies, with Nigeria, India, and Pakistan, amongst the listed nations.
Cryptocurrency Interest Growth Recorded in Nine Countries
Crypto data website, CoinMarketCap, has released details about the top countries with the most significant increase in the number of users of cryptocurrencies. According to their data, India, Pakistan, Colombia, Canada, and Nigeria, are some of the names heading the list.
The company explained that it obtained the data from its novel market capitalization data and user insights using its massive user base. CoinMarketCap also revealed two interesting trends that emerged following the March 12 market crash.
The first trend they revealed is that the number of female users on the site was up by 43.24% in the first quarter of the year. The other popular information is the number of young users (between 18 and 24) has surged by 46.04% during that same period. CoinMarketCap pointed out that in terms of the youth user segment, the continent of Oceania saw the biggest percentage jump of 151.95%. Africa comes in second place, with 91.47%. The other leading continents include the Americas, Asia, and Europe accordingly.
CoinMarketCap listed nine countries with the highest increase in the number of young users during the first quarter of the year. All nine countries had a growth of over 80 percent. Nigeria led the way, with an increase of 210.6%. Australia closely follows it with 158.07% growth, and Spain with 120.71%. The other leading countries in this category include; Canada (112.45%), Mexico (97.33%), the U.K. (91.48%), Colombia (85.07%), India (83.07%), and Pakistan (81.79%).
Greece Leads the Way in Female Users
The number of female users on CoinMarketCap has also gone up substantially over the last three months. CoinMarketCap stated that while they have consistently seen an increasing number of female users, in comparison to the previous quarter, this segment saw a particularly strong growth of 43.24 percent.
The Americas and Europe lead the charge in the number of female users, with each continent recording over 50% growth during the first quarter of the year. Africa and Asia had the lowest female participation growth.
The nine countries that recorded the highest increase in the number of women users in the last quarter include Greece, which led the way with a 163.67% growth. It is followed closely by Romania, with a 145.09%, and Argentina with a 98.23% increase in users. Portugal (89.95%), Indonesia (88.92%), Ukraine (86.68%), Czech (85.6%), Colombia (82.03%), and Venezuela (80.23%) completed the list of the leading nine countries.
CoinMarketCap has been one of the most widely used websites for obtaining information about cryptocurrencies, their market cap and other economic details. Despite allegations of false data reporting, CoinMarketCap is still used by millions of cryptocurrency enthusiasts around the world. CoinMarketCap was recently acquired by Binance Capital Management, the parent company of the world’s largest cryptocurrency trading platform.
The surge in the number of young people and women interested in cryptocurrencies is an indication that the demographics continue to evolve in the sector. The dream of Bitcoin and other cryptocurrencies gaining global adoption can only happen if both men and women of various age brackets start using them with ease for a wide variety of activities.