Australia has emerged as the leading country in cryptocurrency adoption in 2023, according to newly released research on global trends. The results will surprise observers who have heard the harsh rhetoric on crypto coming from some politicians and lawmakers Down Under.

The adoption rate of crypto among Australia’s population has more than doubled since 2020, surging from 8% to 18%, according to the HedgewithCrypto report. Australians have a growing interest in cryptocurrencies, as evidenced by their online search activity.

Indeed, Australian interest in crypto has surged, with 312 monthly searches for cryptocurrency per 100,000 Australians in 2022. Marking a 196% rise since 2020.

Australia Beats the United States

For crypto adoption, Australia bests the United States, which has faced regulatory challenges from the SEC in 2023, to claim the top spot.

In 2022, approximately 16% of Americans embraced crypto, a notable rise from the 10% recorded in 2020. The country has also witnessed a massive 403% surge in crypto ATMs since 2020, boasting a total of 33,630. The country also has over 30,000 more crypto ATMs than any other country.

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Author: Josh Adams

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