Australia Tops Crypto Interest; Users to Hit 11.16M by 2026
Australia leads the world in crypto adoption per capita, with 74.63% token-related web traffic per billion people, according to Andreessen Horowitz data analyzing the top 30 non-Bitcoin tokens on CoinGecko. This outpaces South Korea (73.48%) and the UK (62.15%).
Developed markets favour trading and speculation, while users in developing regions engage more in on-chain activities through mobile wallets. Statista projects the Australia crypto market will grow at a 19.85% CAGR to A$1.2 billion in revenue by 2026. Crypto adoption is set to reach 11.16 million users, or 41% of the population.
Younger investors drive this trend: 40% of Gen Z and Millennials regret missing early crypto investments, says a Swyftx survey. Factors include a tech-savvy population, accessible exchanges and clear regulations. Platforms like Gemini are expanding in response to evolving policy, underscoring market maturity and long-term bullish sentiment for the Australia crypto market.
Bullish
This news is bullish for the crypto market. Rising adoption and projected market growth in Australia signal increased demand and institutional interest. In the short term, higher web traffic and platform expansions may boost trading volumes. Over the long term, a larger user base and regulatory clarity support sustainable market growth and positive sentiment.