sicla: Spain Cracks Top 10 for Crypto Interest

18 de octubre de 2024

Spain Cracks Top 10 for Crypto Interest

Spain appears in top 10 ranking for the most crypto-obsessed countries

A new study has named Spain as one of the most crypto-obsessed countries in the world
The Netherlands tops the ranking, with an average of 2,698 monthly searches for crypto-related terms
The study analysed the countries with the highest search volumes for terms related to cryptocurrency

A new study has named the Netherlands as the country most interested in cryptocurrency, leading the rankings with an average of 2,698 monthly searches for crypto-related terms.

Experts at the trading review website BinaryOptions.com analysed the countries with the highest search volumes for terms related to cryptocurrency, such as “Crypto market analysis” and “Crypto trading.” Each country's average number of monthly searches was then compared to its population, determining the final list.

Spain is named as the tenth-most interested country in cryptocurrency, with an average of 1,296 monthly searches per 100,000 people. Some of the country’s most popular search terms include “Crypto exchange” and “Crypto market.”

Andre Witzel, a Trading Expert at BinaryOptions.com, commented:

“This study highlights that interest in cryptocurrency differs substantially on a regional level, and this is due to numerous factors.

“Countries that are self-proclaimed tech hubs and invest thousands in technological advancements have been quicker to embrace crypto, unlike countries that are wary of adopting new technologies.

“Notably, the U.S. and the UK are both absent from the top ten ranking, likely due to the widespread level of uncertainty surrounding cryptocurrency. This uncertainty can be linked to the media often highlighting stories about crypto scams and fraud. As both countries already have stable financial systems and digital payment methods, the world of digital currency may be less appealing.

“Meanwhile, the Netherlands has a reputation for quickly adopting new technologies, making them one of the most technologically advanced countries in the world. The country has a strong culture of tech innovation and encourages advancements in cryptocurrency, which explains why the Netherlands tops the rankings in this study.”

The top 10 ranking is as follows:

The study identifies the Netherlands as the most crypto-obsessed country, topping the rankings with an average of 2,698 monthly searches per 100,000 people. “Bitcoin” is the leading search term in the country. Other recurring search terms include “Crypto wallet” and “Bitcoin mining.”

Austria is named the second-most crypto-obsessed country, with an average monthly search volume of 2,042 per 100,000 residents. Popular search terms in the country include “Blockchain” and “Cryptocurrency prices.”

Switzerland ranks as the third-most interested country in cryptocurrency, with an average of 1,873 monthly searches per 100,000 people. “Altcoin” and “Crypto market” are among some of the country's most popular search terms.

Germany is in fourth place, with an average of 1,717 searches per 100,000 residents. “Bitcoin” is the leading search term in the country, followed by “Blockchain.”

The top 10 countries most interested in cryptocurrency:

Rank	Country	Average Monthly Search Volume per 100K
1	Netherlands	2,698
2	Austria	2,042
3	Switzerland	1,873
4	Germany	1,717
5	Finland	1,536
6	Luxembourg	1,531
7	Liechtenstein	1,430
8	Canada	1,417
9	Sweden	1,377
10	Spain	1,296

Finland ranks fifth, with an average of 1,536 searches per 100,000 residents. Recurring search terms in the country include “Crypto wallet” and “Bitcoin wallet.”

Luxembourg residents are revealed to be the sixth-most interested in cryptocurrency, with an average of 1,531 monthly searches per 100,000 people. Some of the country’s most popular search terms include “Crypto exchange” and “Ethereum.”

Liechtenstein is in seventh place, with an average of 1,430 monthly searches per 100,000 residents. “Bitcoin” and “Bitcoin wallet” are some of the country's most recurring search terms.

Canada ranks eighth, with an average of 1,417 monthly searches per 100,000 people. The study found that residents frequently search for “Cryptocurrency prices” and “Bitcoin mining.”

Sweden ranks as the ninth-most crypto-obsessed country, with an average monthly search volume of 1,377 per 100,000 residents. The study suggests that there is a rise in people investing in crypto for the first time, with “What is cryptocurrency” being one of the most popular search terms in the country.

Meanwhile, Chad is named the country least interested in crypto, with the lowest average monthly search volume of 1.2 per 100,000 residents.

Other low-ranking countries include Niger, with an average of 1.5 monthly searches per 100,000 people, and the Democratic Republic of Congo, with an average monthly search volume of 1.9 per 100,000 residents.

This information was provided by experts at the trading review website, BinaryOptions.com.

[ENDS]

If you use any insights from this story, please provide a linked credit to Binaryoptions.com, as they conducted the research for this piece.

Methodology

First, a seed list of initial search terms was established based on the terms related to cryptocurrency.
Then, the monthly average search volume for each term in each country was taken from Ahrefs.
Once this was complete, the total number of monthly average searches in each location was compared against its population. This established the monthly average searches per 100,000 people, allowing for an accurate comparison of the search rate across locations of differing sizes.
This final figure was used to sort the locations into the final ranking.
The complete data set is available on request.

List of key terms included:

[Name of crypto]
[Crypto] market analysis
[Crypto] exchange
[Crypto] prices
[Crypto] trading
[Crypto] wallet
[Crypto] investment
[Crypto] investment strategy
[Crypto] mining
[Crypto] regulation
[Crypto] scams
[Crypto] fraud
[Crypto] theft
[Crypto] security
[Crypto] hacks
[Crypto] ransomware
[Crypto] phishing
[Crypto] malware
[Crypto] tax guide
[Crypto] explained
Future of [crypto]

The top 50 countries most interested in cryptocurrency:

Rank	Country	Average Monthly Search Volume per 100K
1	Netherlands	2,698
2	Austria	2,042
3	Switzerland	1,873
4	Germany	1,717
5	Finland	1,536
6	Luxembourg	1,531
7	Liechtenstein	1,430
8	Canada	1,417
9	Sweden	1,377
10	Spain	1,296
11	Czech Republic	1,289
12	Australia	1,262
13	Slovakia	1,259
14	Portugal	1,251
15	United Kingdom	1,180
16	Andorra	1,172
17	Gibraltar	1,170
18	Belgium	1,165
19	Iceland	1,145
20	Brazil	1,140
21	Norway	1,131
22	Singapore	1,124
23	Ireland	1,051
24	Turkey	1,006
25	Poland	1,000
26	Italy	999
27	United States	971
28	Estonia	940
29	Malta	923
30	France	913
31	Cyprus	885
32	New Zealand	880
33	Denmark	860
34	Jersey	843
35	Croatia	837
36	Hong Kong	766
37	United Arab Emirates	758
38	Lithuania	730
39	Greece	667
40	Bermuda	634
41	Latvia	587
42	Slovenia	543
43	Maldives	518
44	Hungary	506
45	Bulgaria	492
46	Israel	471
47	Montenegro	462
48	Bhutan	461
49	Bahamas	434
50	Albania	422