Search
Close this search box.
Search
Close this search box.

Vietnam Rank to 2nd in Global Crypto Ownership

Vietnam Crypto Ownership Global Ranking

If you follow the world of digital currencies, you may be surprised to discover that Vietnam is making significant strides in the crypto space.

According to a recent report by payment platform Triple-A, Vietnam ranks second globally when it comes to the percentage of the population owning cryptocurrencies. That’s right, a whopping 21.2% of Vietnamese people have jumped on the crypto bandwagon!

To put this into perspective, the only country that surpasses Vietnam in terms of crypto ownership is the United Arab Emirates (UAE), with an impressive 34.4% of its population holding digital assets. The Philippines, Brazil, Iran, and the United States—often regarded as leaders in the cryptocurrency industry—come in that order.

So, what’s the secret behind Vietnam’s crypto ? Well, it turns out that the Vietnamese government hasn’t imposed any bans on cryptocurrency ownership, which has made these digital assets an attractive option for many people in the country.

Le Thanh, the founder of blockchain startup Ninety Eight, points out that data from Triple-A and other organizations shows that cryptocurrencies have become a new type of asset that is particularly appealing to young people.

In December 2022, Coin98 Insights, a cryptocurrency data provider, conducted a survey that revealed nearly half (47%) of Vietnamese cryptocurrency owners were between the ages of 26 and 36, with 38% belonging to the 18–25 age group.

It seems that the younger generation in Vietnam is embracing the potential of digital currencies and is eager to be a part of this exciting new financial frontier.

But it’s not just about ownership; Vietnamese crypto investors are also making some serious profits. According to data from blockchain researcher Chainalysis, Vietnamese cryptocurrency investors collectively earned an impressive $1.18 billion in 2022, securing the third-highest spot globally in terms of crypto earnings.

And if you thought that was impressive, wait until you hear this: The Wall Street Journal reported that in May 2023 alone, Vietnamese traders exchanged a staggering $20 billion in cryptocurrencies on the popular Binance platform, making Vietnam the fourth-highest country in the world in terms of crypto trading volume.

It’s clear that Vietnam is quickly becoming a major player in the world of cryptocurrencies. With a young, tech-savvy population and a government that hasn’t placed any restrictions on crypto ownership, it’s no wonder that so many Vietnamese people are eagerly embracing the potential of digital assets.

As the global crypto landscape continues to evolve, it will be fascinating to see how Vietnam’s role in this exciting new industry develops. Will the country continue to lead the pack in terms of crypto adoption and trading volume? Only time will tell, but one thing is for sure: Vietnam is definitely a crypto powerhouse to watch!

Here’s a table of the top 10 countries by crypto ownership, along with the percentage of the population owning cryptocurrencies and the estimated number of crypto owners: Figures are rounded as of 2023.

Rank Country Crypto Ownership Percentage Estimated Crypto Owners
1 U.A.E 30.4% 3 M
2 Vietnam 21.2% 21 M
3 United States 15.6% 53 M
4 Iran 13.5% 12 M
5 Philippines 13.4% 16 M
6 Brazil 12.0% 26 M
7 Saudi Arabia 11.4% 4 M
8 Singapore 11.1% 665 K
9 Ukraine 10.6% 4 M
10 Venezuela 10.3% 3 M

The Information is Collected from MSN and Vietnam News


Subscribe to Our Newsletter

Related Articles

Top Trending

Why Self-Care for Moms Is the Greatest Gift
Why Self-Care for Moms Is the Greatest Gift This Mother’s Day
AI Avatars in Virtual Social Interactions
How AI Avatars Are Changing Virtual Social Interactions?
machine gun kelly new tattoo
Machine Gun Kelly Debuts New Tattoo: A Blackout Masterpiece
Defi loans for businesses
How DeFi Loans Are Helping Businesses Access Capital Without Banks?
Non-toxic cleaning products tough stain removal
Non-Toxic Cleaning Products That Actually Remove Tough Stains

LIFESTYLE

summer birthday party ideas
Creative Summer Birthday Party Ideas for Kids in 2025
May 6 Zodiac
May 6 Zodiac: Positive Traits, Compatibility and More about Taurus
self storage solutions for life transitions
How Self Storage Can Help During Major Life Changes (Divorce, Moving, etc.)?
why is my poinsettia dying
Why Is My Poinsettia Dying? Tips To Revive Your Wilting Poinsettia Plant
crypto retirement plan strategies
7 Ways Crypto Can Reshape Your Retirement Plan for the Future

Entertainment

machine gun kelly new tattoo
Machine Gun Kelly Debuts New Tattoo: A Blackout Masterpiece
tickzoo
Tickzoo Review: Discover Comprehensive Insights on Tick Management
How Old is Hasbulla
How Old is Hasbulla? Discover the Age of the Internet's Favorite Miniature MMA Fighter
jack doherty net worth
Jack Doherty Net Worth: From Flipping Markers To Making Big Bucks
Tish Cyrus Miley Cyrus Feud
Tish Cyrus Clears the Air on Miley Cyrus Feud Rumors

GAMING

Accessibility in Modern Games
How Accessibility Options Are Revolutionizing Modern Games?
Games Without Taking Damage
Can You Beat These Games Without Taking Damage?
Ray Tracing Game Graphics
Ray Tracing in 2025: Game Graphics Enter a New Era
Blockchain in Gaming
7 Ways Blockchain Is Impacting The Future Of Gaming
Science Of Gaming Addiction
The Science Of Gaming Addiction: How To Balance Fun & Health

BUSINESS

Defi loans for businesses
How DeFi Loans Are Helping Businesses Access Capital Without Banks?
Powerful Triggers That Build Business Loyalty
The Psychology of Corporate Gifting: 7 Powerful Triggers That Build Business Loyalty
Business Behind Game Localization
The Business Behind Game Localization: How It Works
International Employment Agencies
How international employment agencies can help you find talent in hard-to-reach markets?
Transition Your Business to Web3
How to Transition Your Business to Web3 Successfully

TECHNOLOGY

AI Avatars in Virtual Social Interactions
How AI Avatars Are Changing Virtual Social Interactions?
Ray Tracing Game Graphics
Ray Tracing in 2025: Game Graphics Enter a New Era
AI and Automation
How AI and Automation Are Helping Secure Document Redaction?
bill gates accuses elon musk of harming poor children
Bill Gates Blames Elon Musk for Harming World's Poorest Children
interactive videos with AI voice
Guide for Making Interactive Videos with AI Voice

HEALTH

Yimusanfendi
7 Incredible Benefits of Yimusanfendi Meditation and Possible Side Effects
Connection Between Hydration and Urinary Health
The Connection Between Hydration and Urinary Health
Neuralink Brain Implant Patient Regains Speech
Neuralink Brain Implant Helps ALS Patient Regain Speech with AI Support
Wegovy for Weight Loss
Wegovy for Weight Loss: Is It Worth Buying Online?
Role of Sperm DNA Fragmentation Testing in IVF
The Role of Sperm DNA Fragmentation Testing in IVF with ICSI Success