The most cryptocurrency-friendly EU country has been named

Visual Capitalist portal has published a ranking of EU countries in terms of cryptocurrency adoption. The study analyzes the popularity of digital assets among EU investors compared to their preference for other assets such as stocks, funds, and bonds.

The list of countries with the highest share of citizens investing in cryptocurrencies is headed by Slovenia. According to the survey, 18% of the country’s population invests in digital assets. Croatia took second place in the ranking of cryptocurrency-friendly countries with 16%.

Luxembourg, which has a reputation as a global financial center, came in third, although it is home to only 640,000 people. In this small country, 14% of investors own cryptocurrencies. This is followed by Bulgaria and Cyprus with 13% each. The top 10 also includes Slovakia, Austria, Portugal, the Czech Republic, and Estonia.

The least popular investments in cryptocurrencies are in France — 5%. The share of such investors in Italy, Germany, and Belgium is only 6%. In many EU countries, this figure does not exceed 8%, including: Denmark, Spain, Latvia, Poland, Romania, and Hungary. Cryptocurrencies are not very popular in Finland, Greece, Sweden, and Malta.

Analysts have noted that most rich and developed EU countries have a rather low level of crypto investment. In poorer countries, the situation is the opposite: citizens seek to preserve their savings by investing in digital assets. The study of the popularity of cryptocurrencies simultaneously compiled a rating of preference for traditional financial instruments. Sweden is the leader in this area with 60%. Finland is in second place with 42%, Malta is in third place with 37%, and Luxembourg and Denmark are in fourth place with 36%. They are followed by: Germany — 33%, Belgium and Austria — 32%, Italy — 31%, Estonia — 30%, Czech Republic — 24%.

In early August, the American cryptocurrency exchange Coinbase conducted a study of the interest in cryptocurrencies among New Yorkers. It turned out that 19% of local residents have digital assets.

According to the researchers, users' interest in digital assets and Web3 projects is growing rapidly in New York. This can be seen in the number of companies working with blockchain — 692 such firms are registered in New York State, and the number of founders and co-founders is more than 800. Interestingly, 52% of the local Fortune 100 have been involved in Web3 and blockchain initiatives since 2020.