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9 Countries Show Huge Growth in Cryptocurrency Interest: Coinmarketcap

05/04/2020
9 Countries Show Huge Growth in Cryptocurrency Interest: Coinmarketcap

Coinmarketcap has revealed the top countries with the largest increase in the number of users. One segment shows the countries with the most user growth in the first quarter include India, Pakistan, Colombia, Canada, and Nigeria. The countries with the most female user growth include Greece and Romania.

46% Increase in Youth Users, Nigeria Up 211%

Leading cryptocurrency price and market data provider Coinmarketcap published a report Friday highlighting the crypto market and user trends for the first quarter of this year. The company explained that the data analyzed comes from its “proprietary market capitalization data and user insights from our massive user base.”

Besides the cryptocurrency price trends and discussions of events surrounding the March 12 crash, Coinmarketcap found two other trends it deems “promising.” The first is the quarterly growth of 43.24% of female users on its website and the other is the 46.04% quarterly growth of its youth users (ages between 18 and 24). The report details:

In relation to the youth user segment (aged 18-24), the continent of Oceania saw the biggest percentage jump of 151.95%, followed by Africa with 91.47%.

9 Countries Show Huge Growth in Cryptocurrency Interest: Coinmarketcap
Continents with the most user growth in the age group 18 to 24.

Specifically, Coinmarketcap named nine countries with the highest increase in users between the ages of 18 and 24 in the first quarter compared to the previous one. The nine countries with at least 80% user growth were led by Nigeria, which saw an increase of 210.6%, followed by Australia (158.07%), and Spain (120.71%). Other top countries were Canada (112.45%), Mexico (97.33%), the U.K. (91.48%), Colombia (85.07%), India (83.07%), and Pakistan (81.79%).

43% Increase in Female Users, Greece Up 164%

The number of female users has also risen substantially in the first quarter, Coinmarketcap revealed. “While we have consistently seen an increasing number of female users, this segment saw a particularly strong growth of 43.24% compared to the previous quarter,” the company clarified, elaborating:

Within the female user segment, the Americas and European regions grew more than 50% in users.

9 Countries Show Huge Growth in Cryptocurrency Interest: Coinmarketcap
Continents with the most female user growth.

The company also named nine other countries with the highest increase in the number of women users in the first quarter compared to the previous one. Greece led the pack with a 163.67% growth, followed by Romania (145.09%), Argentina (98.23%), Portugal (89.95%), Indonesia (88.92%), Ukraine (86.68%), Czechia (85.6%), Colombia (82.03%), and Venezuela (80.23%). Furthermore, the company found a 41% increase in the number of users older than 65 years old.

Coinmarketcap’s website currently ranks 569th globally for site traffic and user engagement, according to Alexa’s ranking. In April, the company was acquired by Binance Capital Management, which operates one of the world’s largest cryptocurrency trading platforms.

What do you think about the stats provided by Coinmarketcap? Let us know in the comments section below.

The post 9 Countries Show Huge Growth in Cryptocurrency Interest: Coinmarketcap appeared first on Bitcoin News.