This is Europe’s Most Crypto-Curious Country (Study)

According to Dua Crypto’s research, The Netherlands rank as the most interested European nation in cryptocurrencies. Russia (where the local central bank is predominantly negative on the asset class) is at the bottom of the list.

Bitcoin (BTC) is the most popular digital currency in most countries, while Dogecoin (DOGE) is second.

The Dutch Reached the Top

The study estimated that the residents of The Netherlands had conducted the highest number of crypto-related searches per capita (0.1299). The leading digital asset by market capitalization – Bitcoin – is the locals’ favorite, while the popular memecoin – Dogecoin – and Cardano are respectively second and third.

Slovenia ranked second with 0.1181 searches per capita, while Switzerland rounds up the top three with an index of 0.0888. Bitcoin, Dogecoin, and Ethereum are the most popular digital assets in both Alpine nations.

This is not the first time Slovenia has made the headlines. The aviation company Fast Private Jet described it as the most crypto-friendly nation globally since it has the most venues where digital currencies are accepted as a payment method. At the same time, its capital – Ljubljana – is the most welcoming destination in Europe for blockchain businesses.

Dua Crypto determined that Russia is the least interested European country in digital assets (0.0050 searches per capita). The domestic authorities are not quite open towards the asset class, with the central bank proposing a total ban on them last year. 

Belarus and Moldova (former Soviet Union states) are also at the bottom of the list, with indexes of 0.0080 and 0.0069.

What About on a Global Scale?

The cryptocurrency price tracker CoinGecko rolled out a similar study last summer, estimating that Nigeria is the most crypto-curious nation worldwide. The United Arab Emirates (UAE) and Singapore, which have recently emerged as blockchain hubs, ranked second and third. 

Bobby Ong – Co-Founder of CoinGecko – said the residents of those countries are the most inclined to “buy the dip” and have predominantly hopped on the bandwagon for the long term.

Apart from the huge enthusiasm in the asset class, a big chunk of the Nigerians seems to be HODLers. KuCoin research from April 2022 suggested that approximately every third adult in the African nation has some exposure to cryptocurrencies. 

The exchange argued that the interest could be propelled by the limited access to traditional financial services in the region.