How many crypto owners in South Africa?

It is estimated that over 7.9 million people, 13.4% of South Africa’s total population, currently own cryptocurrency.⁽¹⁾

South Africa – Africa’s potential crypto hub?

South Africa constantly ranks within the top 10 worldwide in online searches for “cryptocurrency” and “bitcoin” on Google.⁽²⁾

How do South Africans view crypto?

17% of South Africans shared that they used or owned at least one form of cryptocurrency. In addition, 10.7% of South African internet users own crypto – the highest per capita in the world.⁽³⁾

Crypto adoption across South Africa:

• “South Africa proposes rules to regulate cryptocurrency…”
  South Africa’s top financial regulators aim to be in compliance with the cryptocurrency standards set by the Financial Action Task Force.
• “South Africa establishes crypto assets regulatory group…”
  A crypto assets regulatory working group dedicated to crypto and blockchain has been established by the South African government.
• “38% of South Africans wish they had invested in crypto before…”
  The study has revealed that South Africans demonstrate a generally positive stance toward cryptocurrencies.
• “Binance to launch Fiat support in South Africa…”
  The Binance Charity Foundation would also be donating $1M to support the growth of blockchain education in South Africa.
• “South African crypto exchange hits milestone records…”
  Luno adds that South Africa is one of Luno’s strongest markets, amid a rising appetite for crypto trading in the country.