• Argentina is the world’s most crypto-friendly country 
• America ranks second for crypto adoption 
• The United Arab Emirates, with the most crypto holders, ranks third 

Cryptocurrencies have been rising in popularity in recent years, with crypto ownership growing from 432 million to 580 million in 2023 alone, according to Crypto.com.

10 African Countries That Banned Cryptocurrency

While many countries have tried to regulate and suppress the technological advances, others have accepted and supported the growth of these new industries.

Argentina topped the list as the world’s most crypto-friendly country, with a large percentage of the population holding crypto and offering some of the best conditions for miners and traders alike.

Research by crypto experts at CryptoCasinos analysed 10 metrics to determine which countries across the globe have adopted crypto more so than any others, making them the most crypto-friendly nations.

The metrics chosen are the percentage of the population holding cryptocurrency, the cost and profit of mining one bitcoin, and search volume per 100,000 population for crypto-related keywords.

The data also includes the percentage share of each country’s traffic to each of the major crypto exchanges Binance, Coinbase, BitFinex, Kraken, Kucoin and OKX.

Countries with the highest rates of crypto adoption  

Argentina is the most crypto-friendly country. One in ten (9.7%) of the country’s population holds cryptocurrency, over triple the global average of 3%.

The low energy costs make it a perfect place to mine Bitcoin, costing an estimated $14,647 to mine 1 Bitcoin, meaning a profit of $51,261 (based on a BTC price of $65,908). Argentina also has one of the highest amounts of traffic (6.3%) to Binance (the world’s largest crypto exchange).

America has a high percentage of the population holding a cryptocurrency, with 15.6%. However, higher average energy costs mean it costs more to mine Bitcoin in certain parts of the States ($87,885).

Americans visited Coinbase over 48 million times in March, making up 59% of the website traffic. The US also made up 23.3% of the traffic to Kraken, showing the US is actively embracing crypto and investing through these exchanges.

Colombia ranks third for crypto adoption; the rise in blockchain activity is partly due to the depreciation of the Colombian Peso over the past few years (as reported by Bloomberg in 2022); crypto offers wealth protection from depreciating currencies.

Five per cent (5%) of the population holds crypto, and Colombians make up 5.8% of the global web traffic for the largest exchanges, which is on par with many of the other countries in this list.

Ukraine is the fourth most crypto-friendly state. Over 10% of the population holds cryptocurrency, and mining costs are particularly cheap, averaging around $19,530 per bitcoin.

Based on the price previously stated, this would mean the profit would be $46,378.  Ukraine also makes up 4.8% of the web traffic to Binance, the world’s largest crypto exchange.

The United Arab Emirates ranks fifth for crypto adoption worldwide, with the largest percentage of the population holding crypto at 30.4% (The average across all countries is 3%), only Vietnam comes close with 21%.

Search volume for crypto-related terms is also the highest with 1,415 searches per 100,000 of the population.

The UAE has been fostering a robust and flexible ecosystem to attract business and drive forward technological innovation, making the nation a frontrunner in digital adoption, as reported by Forbes in 2023.

Vietnam, ranking sixth, has continued to witness its economy becoming more digitised in the last decade, becoming one of the world’s most crypto-adopted nations and is currently Asia’s most crypto-friendly country.

Twenty million (21.2%) of the population hold cryptocurrencies. Vietnam drives 4.9% of the web traffic to crypto exchange OKX and 6.3% to Binance.

Turkey ranks seventh for crypto adoption, which could be since the Turkish lira has, at times, proven to be more volatile than bitcoin. Turkey’s inflation rate surpassed 83% in 2022 and is around 67% currently.

Due to this, over 4.8 million (5.6%) of the population choose to hold crypto.

Turkey makes up 6.6% of the web traffic to Binance, and mining operations may be slightly cheaper, with an average cost of $39,060 per Bitcoin.

Canada is eighth in this ranking for crypto adoption. 7% of the nation currently hold crypto, and there are 1,204 searches for crypto-related keywords every month per 100,000 of the population.

Canada is also responsible for 8.4% of website traffic to Kraken.

Singapore ranks ninth for crypto adoption. Having earned a reputation as one of the key financial centres in the world, it is unsurprising that Singapore has begun to establish itself as a global cryptocurrency hotspot.

[Featured Image by Kanchanara: Credit]

Bitfinex exchange, a professional traders delight and trusted by whales with enormous liquidity, is one of the few exchanges around the world keeping up with new token listings and initiatives in promoting financial freedom to nurture the crypto community as a whole.

Bitfinex listing of the innovative wrapped Minima ($WMINIMA) token, an ERC-20 token, is aimed at helping to build a truly decentralized network that empowers freedom all around the world and increases access to Web3 for any person with a mobile or IoT device .

Bitfinex is one of the first crypto exchanges to list WMINIMA; built on the world’s first mobile-native Layer 1 blockchain.

Minima’s presale for WMINIMA, started on February 14, 2023, with 10 million tokens currently acquired, out of the total supply of 125 million $WMINIMA tokens.

Traders on Bitfinex are taking this new innovation as a huge opportunity to become the early adopters of the $WMINIMA token, by making deposits and purchases during the presale period.

Effective 21st of March, 2023, on Bitfinex, trading for WMINIMA against the US Dollar (USD) and Tether tokens (USDt) will be available for all traders.

What is WMINIMA?

Wrapped Minima (WMINIMA) is a wrapped version of Native Minima (MINIMA) which has been issued on the Ethereum blockchain.

Wrapped Minima (WMINIMA) enables Minima to be tradable on exchanges shortly after its Token Generation Event, without waiting for the technical integration of Native Minima ($MINIMA) onto exchanges, scheduled for Q3/Q4 2023. WMINIMA has an initial circulating supply of 98,100,000 coins and a total supply of 125,000,000 coins, with a listing price of $0.30.

Why invest in WMINIMA on Bitfinex exchange

Bitfinex has been in existence for over 10 years and as one of the oldest exchanges, it has gained the trust and loyalty of its traders, having strongly gone through the test of time and various market turbulence. Bitfinex is known for its robust service and security during all market environments.

Bitfinex stands out as one of the first cryptocurrency exchanges, founded in 2012 to deliver the finest trading experience for retail, professional and institutional customers.

Born at the dawn of the bitcoin revolution, Bitfinex is driven by the ethos of financial freedom and  focused on creating simple , dependable and accessible technology that promotes freedom.

With no centralised servers and unnecessary intermediaries and at near zero-cost, Bitfinex brings financial inclusion and financial freedom to less-advantaged and emerging communities around the world, particularly where there is currency volatility.

By becoming an owner of Wrapped Minima on Bitfinex, you will be helping build a truly decentralized network that empowers freedom all around the world.

The Minima protocol and its network have already been built, with Mainnet recently launching after several years in Testnet, yet Minima is still relatively unknown.

As a result, there is still a huge opportunity to become an early adopter of the world’s first mobile-native layer 1 blockchain, before it becomes widely adopted.

The CryptoGPT, a cryptocurrency token built on an Ethereum platform is the first-of-its-kind multi-value gas token and has the necessary demand as fuel for network transactions.

@bitfinex Lists the First-of-its-Kind CryptoGPT Token ($GPT) https://t.co/k0Qy2WOwHd

Naira Mile 12 Supreme Court #Protest Na Tinubu The Nation Gbadebo #gtbank Ogun State Aunty Kate Tems Mercy Johnson Toyin Lagos Harvesters Nigerians

— Techeconomy (@TecheconomyNG) March 13, 2023

It is topped up with value funnels from validator staking, cash flow from core products, and power of fee treasury which can be deployed for liquidity events like buybacks, burns, and/or expanded yield.

Here are steps to sign up and Trade the CryptoGPT Token ($GPT) on Bitfinex:

1. Visit the Bitfinex website of download the Bitfinex mobile app and click on the sign-up button
2. Use this code to get 6% discount on trading fees for life
3. Create an account by entering the required details : username, email, password, country of residence and referral (optional).
4. Create and confirm a log-in pin code or enable touch ID or face ID, if your phone enables.
5. You will be directed to the setup security page. Here, download the Google Authenticator app. If already downloaded, select “I’ve installed the app” tab.
6. Open the GA app to directly add your new token. Alternatively, you can also select to use the QR or Setup key. Enter your code to enable 2FA setup.
7. Check your inbox to confirm your email address via an email sent by Bitfinex.
8. After email confirmation, accept the Bitfinex Terms of Service to complete the account set up and proceed to the trading page.
9. Once that is done you can now trade the CryptoGPT token ($GPT) on Bitfinex

The rise of artificial intelligence (AI) is bringing drastic changes in the technological fields around the world, where if implemented, automates systems for more efficiency and performance. 

From the comfort of your mobile phone and in multiple fields, AI is continuously providing high-performance and accurate system work with efficiency, whilst playing an important role in helping humans work better without the help of humans.

Since its inception, there is no doubt that the algorithm and success of AI is data-driven, and currently, many big tech companies and players like Meta, Google, and Amazon make billions and trillions of dollars by monetizing users’ AI data.

What is CryptoGPT?

CryptoGPT token ($GPT) on Bitfinex has revolutionised the world of AI by decentralising the data industry and giving billions of users across the world, including Africa, full control of their own AI data and freedom to monetize such data as they live their daily lives, creating a sustainable income stream.

CryptoGPT is the dedicated layer-2 blockchain built to create trillion-dollar data and power the AI revolution.

The blockchain hosts apps with 2+ million active users, placing it as one of the biggest blockchains at launch.

This innovation uniquely merges blockchain technology with AI and offers an ecosystem that treats data like an asset class.

The CryptoGPT, a cryptocurrency token built on an Ethereum platform is the first-of-its-kind multi-value gas token and has the necessary demand as fuel for network transactions. It is topped up with value funnels from validator staking, cash flow from core products, and power of fee treasury which can be deployed for liquidity events like buybacks, burns, and/or expanded yield.

By creating an ecosystem that incentivizes users to earn crypto tokens and avoid constant inflation, CryptoGPT lets users capitalize on their data through its versatile $GPT token.

No matter how much CryptoGPT ultimately decentralizes data, the $GPT token is a good investment because users can amass significant quantities of it by using the ecosystem’s apps and making referrals.

This makes CryptoGPT the first sustainable ‘to earn’ ecosystem that pays users for contributing data that is then sold in the global data marketplace.

CryptoGPT, unlike most participants in the AI boom, entered the marketplace with a compelling value proposition setting itself apart. Now let’s take a moment to explore the unique features of CryptoGPT that distinguishes it from others.

Scalable on Layer-2 Protocol

Blockchains have historically struggled to achieve scalability and maintain a high degree of trust for use cases that require high speed and low cost.

Unlike other blockchains that power AI, the newly emerged CryptoGPT is a uniquely and specifically dedicated blockchain for AI developments that uses ZK Rollup technology enabling private, secure, and scalable transactions.

It is also Ethereum Virtual Machine (EVM) compliance making it scalable on a layer 2 protocol by moving computation and state off-chain while storing data in bundled-up batches on-chain. The unique EVM compliance makes the protocol open to massive code-base libraries, enabling easy and rapid onramp of developers and users. Integrated with AI engines, data is collected, processed, encrypted, and packaged for commercial applications.

Truly Distributed (Decentralised) 

The architecture of the CryptoGPT token on Bitfinex is carefully and specially designed to be a network highly protected and uncontrollable by centralised influence.

The mining model and security align with activity and the network’s security increases in parallel to adoption.CryptoGPT’s truly distributed nature makes it an easily trustworthy protocol.

Totally Limitless

Immensely scalable, ultra-low-cost transactions combine with empowering infrastructure – data capsules, AI tooling, pluggable earn launcher – to create a blockchain that can expand  the abilities of the global economy with the economics of AI.

Use cases of CryptoGPT token ($GPT)

Currently, AI is used for different purposes and in different fields like virtual assistants or chats, healthcare agriculture, security and surveillance, logistics, shopping and fashion Agriculture, and Farming. The CryptoGPT has an ecosystem of millions of daily app users with over 20+ apps in these fields as well as lifestyle, music, dating, travel, and gaming.

Why you should invest in a CryptoGPT Token ($GPT) on Bitfinex

The CryptoGPT token ($GPT) is a brand new cryptocurrency and Bitfinex is one of the first few exchanges to list $GPT.

CryptoGPT token now available on Bitfinex is designed to unlock a new source of data income for users and is available on various consumer apps with over 2 million users and developers on-boarded in lifestyle, music, gaming, fitness, dating, travel, education applications and much more.

Bitfinex is an OG exchange trusted by both whales and sophisticated investors for its security, liquidity, and functionalities. It is one of the few exchanges around the world with new token listings, and initiatives in promoting financial freedom to nurture the crypto community as a whole.

Why ever go for an exchange that hasn’t gone through the test of time and significant market turbulence? As one of the oldest exchanges, Bitfinex is known for its robust service and security during all market environments, bull and bear markets, for more than 10 YEARS! Many exchanges are known to crash or go offline when volumes increase or price moves fast. Bitfinex is known for its robust service in all market environments.

See how to sign up and trade HERE.