The number of individuals in Africa who own crypto increased by 8.5% between 2023 and 2024, the lowest growth among other regions.

Key takeaways:

  • Asia has the highest number of crypto owners globally, with 326.8 million individuals
  • Despite having the smallest crypto user base (3 million), Oceania experienced explosive 1-year growth of 114.3% in crypto ownership between 2023 and 2024.
  • Africa’s crypto ownership grew by just 8.5% over the past year, the lowest among all regions, with 43.5 million individuals owning cryptocurrency.
  • While some regions like Oceania and South America are experiencing rapid growth, Africa's slower adoption indicates barriers such as infrastructure and regulatory challenges.

In Asia, 326.8 million individuals are holding crypto assets. This is over four times the number in North America (72.2 million) and almost eight times more than Africa’s 43.5 million.

Interestingly, South America and Oceania stand out for their explosive growth rates, with South America at 116.5% and Oceania closely behind at 114.3%. Africa, on the other hand, experienced the slowest growth rate at just 8.5%. This could be attributed to regulatory challenges, limited internet penetration, and economic barriers. However, with over 43.5 million crypto owners, the continent remains a key player in the global crypto ecosystem.

Source:

Triple-A

Period:

2024
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About 44% of Nigerian crypto users mostly send crypto, primarily for investments and payments
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  • Investing in other platforms or projects leads as the top reason for sending crypto (29.2%), indicating strong speculative and wealth-building motives.
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