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Coinmarketcap revealed the top countries with the largest increase in the number of users. One segment shows the countries with the highest user growth in the first quarter include India, Pakistan, Colombia, Canada, and Nigeria. The countries with the highest growth in female users include Greece and Romania.
46% increase in young users, Nigeria + 211%
Leading provider of cryptocurrency pricing and market data Coinmarketcap released a report on Friday highlighting the cryptocurrency market and user trends for the first quarter of this year. The company explained that the data analyzed comes from its “proprietary market cap data and user insights from our huge user base.”
In addition to cryptocurrency price trends and discussions about the events surrounding the March 12 crash, Coinmarketcap has found two other trends it deems “promising”. The first is the quarterly growth of 43.24% of female users on its website and the other is the quarterly growth of 46.04% of its young users (aged 18-24). The details of the report:
In relation to the youth user segment (18-24 years), the continent of Oceania saw the greatest percentage jump of 151.95%, followed by Africa with 91.47%.
Specifically, Coinmarketcap named nine countries with the highest increase in users aged 18-24 in the first quarter compared to the previous one. The nine countries with at least 80% user growth were led by Nigeria, which recorded an increase of 210.6%, followed by Australia (158.07%) and Spain (120.71%). Other major countries were Canada (112.45%), Mexico (97.33%), United Kingdom (91.48%), Colombia (85.07%), India (83.07%) and Pakistan (81, 79%).
43% increase in female users, Greece + 164%
The number of female users also increased significantly in the first quarter, Coinmarketcap revealed. “While we have consistently seen an increasing number of female users, this segment has seen particularly strong growth of 43.24% over the previous quarter,” the company clarified, elaborating:
Within the female user segment, the Americas and European regions grew by more than 50% in terms of users.
The company also named nine other countries with the highest increase in the number of female users in the first quarter compared to the previous one. Greece leads with growth of 163.67%, followed by Romania (145.09%), Argentina (98.23%), Portugal (89.95%), Indonesia (88.92%), Ukraine ( 86.68%), Czechia (85.6%), Colombia (82.03%) and Venezuela (80.23%). In addition, the company has seen a 41% increase in the number of users over the age of 65.
Coinmarketcap’s website currently ranks 569th globally for site traffic and user engagement, according to the Alexa ranking. In April, the company was acquired by Binance Capital Management, which operates one of the largest cryptocurrency trading platforms in the world.
What do you think of the statistics provided by Coinmarketcap? Let us know in the comments section below.
Image credits: Shutterstock, Pixabay, Wiki Commons, Coinmarketcap
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