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Finder Cryptocurrency Adoption Index

The definitive ranking of the most popular cryptocurrencies across 26 countries.

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Richard Laycock
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Finder’s Cryptocurrency Adoption Index measures the growth of cryptocurrencies worldwide through an ongoing survey of internet users in 26 countries.

Malaysian crypto ownership

3.1M Malaysians own crypto.

Gender split

Malaysian men are 1.7x more likely than women to own crypto.

Men 63%
Women 37%

Most owned crypto

35% of crypto owners have ₿itcoin.

Cryptocurrency adoption statistics in Malaysia

Malaysia ranks 13th out of 26 countries for crypto adoption, according to Finder’s Crypto Adoption August 2022 report, which has so far surveyed 217,947 people in 26 selected countries (6,006 in Malaysia since April 2022).

The crypto ownership rate in Malaysia is 15%, which is higher than the global average of 15%. India leads the way at 29%, with Germany at the other end of the spectrum with 6%.

Globally, ownership sits at 15% for the August 2022 report, following 15% in the previous report.

As it stands, roughly 5% of those surveyed in Malaysia say they own Bitcoin (BTC), with 4% saying they own Ethereum (ETH), 3% own Dogecoin (DOGE) and 3% own Cardano (ADA).

Out of the coins looked at for the survey, Bitcoin (BTC) is the most popular cryptocurrency with crypto owners in Malaysia followed by Ethereum (ETH) and Cardano (ADA).

Bitcoin adoption in Malaysia

In the August 2022 report, roughly 35% of crypto owners in Malaysia said they own Bitcoin. This is below the global average, which sits at 37%.

Australia sits atop the table, with 60% of crypto owners holding BTC. At the other end is Mexico, where roughly 21% of crypto owners say they own Bitcoin.

Ethereum’s popularity with crypto owners in Malaysia

Ethereum (ETH) sits in the wallets of roughly 24% of crypto owners in Malaysia — above the global average (23%). Crypto owners in Australia are most likely to have ETH in their wallet (44%) and crypto owners in Venezuela have the lowest ownership (13%).

Dogecoin ownership

Ownership of Dogecoin (DOGE) in Malaysia sits below the global average of 19%, with roughly 18% of Malaysians who own crypto holding the asset. Ireland leads the way for DOGE at 26%, whereas just 9% of crypto owners in Venezuela say they own the memecoin.

Cardano adoption

Adoption of Cardano sits at approximately 21% of crypto owners following the August 2022 report, which is above the global average of 18%. Cardano is most popular with crypto owners in Hong Kong (23%), whereas just 9% of crypto owners in Venezuela say they hold ADA.

Men in Malaysia more likely than women to own crypto

Of those in Malaysia who own crypto, 63% are men and 37% are women.

There is a wide gap in adoption of crypto between men and women. Of those who own crypto, an average of 36% are women compared to 64% who are men. Norway actually has the widest gap, with 74% of people that own crypto being men. Colombia is the closest between the sexes (crypto ownership being 56% men, compared to 44% women).

Those aged 35-54 in Malaysia lead the way in terms of the crypto split, making up 42% of crypto owners. Those aged 55+ are the group least likely to own crypto, making up just 18% of crypto owners.

Methodology

Finder regularly surveys individuals across 26 countries to analyze cryptocurrency adoption rates, investment diversification and the demographics of investors.

Beginning in April 2022, Finder switched its method to a three-month rolling average. The July 2022 report will be the first to present data using the three-month rolling average, which is made up of responses gathered between April and June 2022. The August report will display May through July 2022 and so forth. So far the survey using the new method has garnered 217,947 responses.

The survey is designed by Finder and conducted by Google in all territories except for the first run in Australia, where the survey is conducted by Qualtrics/SAP.

Participants are internet, smartphone and Google AdMob users or Qualtrics research panel participants. Sample sizes range from 1,000 to 2,500 people and are directly proportional to population size. Participating countries are selected based on global Finder site traffic and availability on research platforms.

Survey results are analyzed using Google’s Data Studio, which provides weighted averages for the top-level responses, along with breakdowns for sex and age.

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