،Top countries with the most crypto traders, emphasizing trading activity:

India

• Estimated Traders: 93–110 million crypto users, with a significant portion actively trading.
• Why Active: India has the highest raw number of crypto traders due to its massive population and growing tech-savvy youth. Peer-to-peer (P2P) trading thrives via platforms like Telegram and WhatsApp, despite a 30% tax on crypto gains and regulatory uncertainty. Local exchanges like WazirX and CoinDCX facilitate high retail trading volumes.
• Key Metrics: Leads in P2P trade volume and centralized exchange (CEX) activity in Asia, with millions of daily transactions.

United States

• Estimated Traders: 50–52 million crypto users, with a large share engaged in trading.
• Why Active: The U.S. dominates global Bitcoin and Ethereum trading volumes, boosted by institutional participation and the 2024 approval of crypto ETFs. Major exchanges like Coinbase, Kraken, and Binance.US drive retail and institutional trading. States like New York and California are hubs for crypto activity.
• Key Metrics: Highest CEX transaction volumes globally, with significant institutional transfers.

Nigeria

• Estimated Traders: ~22 million crypto users, with 32–33% of the population trading or holding crypto.
• Why Active: Nigeria leads in P2P trading, driven by inflation, currency devaluation, and a large unbanked population. Platforms like Paxful and LocalBitcoins see heavy use, with traders favoring Bitcoin and stablecoins for remittances and value preservation.
• Key Metrics: Bitcoin trading volume in 2020 surpassed the eurozone’s, with high P2P and stablecoin activity.

Vietnam

• Estimated Traders: ~21 million crypto users, with a strong trading focus.
• Why Active: Vietnam ranks high in Chainalysis’ Crypto Adoption Index due to intense retail trading and P2P activity. The popularity of play-to-earn (P2E) games like Axie Infinity and a young, tech-savvy population fuel trading on CEXs and decentralized platforms (DeFi).
• Key Metrics: High transaction volumes on CEXs and DeFi, weighted by low purchasing power parity (PPP).

Brazil

• Estimated Traders: ~35 million crypto users, with ~17.5% of the population trading.
• Why Active: Brazil’s regulated crypto market and regional exchanges like Mercado Bitcoin drive retail trading. Speculative investments and remittances are key, with freelancers using crypto for cross-border payments.
• Key Metrics: Strong retail trading and growing DeFi activity, with 116.5% ownership growth from 2023 to 2024.

 United Arab Emirates (UAE)

• Estimated Traders: Over 30% of the population (~3 million) engages in crypto trading.
• Why Active: The UAE’s crypto-friendly regulations, led by Dubai’s VARA and Abu Dhabi’s ADGM, attract traders and businesses. High retail and institutional trading is supported by tax incentives and blockchain initiatives like the Emirates Blockchain Strategy 2021.
• Key Metrics: Significant DeFi and CEX activity, with a focus on high-value transactions.

 Philippines

• Estimated Traders: 13–15% of the population (15 million) actively trade crypto.
• Why Active: The government’s approval of crypto exchanges for remittances boosts trading. P2E games and mobile-based P2P platforms are popular, especially among the unbanked.
• Key Metrics: High P2P trade volume, particularly in stablecoins like USDT.

 Argentina

• Estimated Traders: 18.9% of the population (8–9 million) trades crypto.
• Why Active: Hyperinflation drives traders to Bitcoin and stablecoins as hedges. Local exchanges and P2P platforms see heavy use, with Argentina leading South America in trading activity.
• Key Metrics: Strong retail and P2P trading, with significant growth in 2023–2024.

Singapore

• Estimated Traders: 25% of the population (1.5 million) trades crypto.
• Why Active: Singapore’s clear regulations, tax benefits, and status as a financial hub attract retail and institutional traders. Major banks support digital assets, and platforms like Binance Singapore thrive.
• Key Metrics: High institutional and DeFi trading volumes.

 Thailand

• Estimated Traders: 13% of internet users (9 million) engage in trading.
• Why Active: Thailand’s regulated exchanges and pro-crypto policies foster a safe trading environment. Retail traders focus on stablecoins and speculative investments.
• Key Metrics: Growing retail and P2P trading volumes.

1️

India 🇮🇳

~100M+ users

Cheap access, huge population, mobile-first adoption

2️

United States 🇺🇸

~50M+ users

Institutional + retail interest, high income

3️

Nigeria 🇳🇬

~30–35M+ users

Inflation hedge, strong P2P usage

4️

Vietnam 🇻🇳

~20–25M users

High adoption rate per capita

5️

Turkey 🇹🇷

~15–20M users

Economic instability, retail speculation

6️

Brazil 🇧🇷

~15–18M users

Local exchanges, inflation hedge

7️

Indonesia 🇮🇩

~15M+ users

Growing middle class, mobile apps

8️

Russia 🇷🇺

~12–15M users

Mining, grey market use, sanctions workarounds

9️

Pakistan 🇵🇰

~10–12M users

P2P and remittance-driven

10

Philippines 🇵🇭

~10–12M users

GameFi and remittance usage