In the year 2021, Morocco, which previously announced measures restricting crypto trading, became North Africa’s leading crypto-trading nation after its peer-to-peer trade volumes surged to $6 million.In 2021, Morocco’s peer-to-peer crypto trade volume of $6 million was enough to see it ranked North Africa’s top cryptocurrency trading nation, according to the latest data from crypto payments company Triplea.
As noted in the research report, interest in cryptocurrency in Morocco has been rising despite the country’s standing regulations against crypto trading, which were first“Moroccans are open to cryptocurrency, with peer to peer bitcoin trading volumes increasing steadily over the years and reaching record highs of 2.18 million Moroccan Dirham in 2020,” explains the report.
Furthermore, the report notes that the increase in Morocco’s peer-to-peer traded volumes came during a year when the central bank, Bank-Al-Maghrib , said it would explore the benefits of launching a digital currency.Meanwhile, the research platform’s findings show that Ukraine — which has 5,565,881 of its people holding crypto — is the country with the highest concentration of crypto owners globally at 12.73%. Russia is ranked second with 11.91%, Venezuela is in third place with 10.
With respect to overall crypto ownership demographics, Triplea found that 79% of holders are male and 21% are women. Globally, about 58% of cryptocurrency owners were found to be under the age of 34. About 82% have a bachelor’s degree or higher while 36% have an annual income that exceeds US$100,000.
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Amazing the highest % is under 13%, imagine when mass adoption unfolds?! Still so early!!
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