Bitcoin
$47,941.80-0.51%
Ethereum
$3,530.80-2.21%
XRP
$1.09-2.05%
Cardano
$2.42-1.68%
Polkadot
$36.07+1.29%
Stellar
$0.330738-2.00%
Dogecoin
$0.252511+3.23%
Chainlink
$29.77-4.36%
Uniswap
$25.78-3.40%
Polygon
$1.39-5.35%
Litecoin
$187.39-1.68%
Bitcoin Cash
$646.67+0.76%
Algorand
$2.04+0.56%
Wrapped Bitcoin
$47,964.95-0.53%
Cosmos
$35.71+10.59%
Filecoin
$83.84-4.69%
The Graph
$0.844824-5.28%
Tron
$0.115212-0.56%
Ethereum Classic
$58.71-0.42%
Aave
$378.70-4.49%
Tezos
$6.56-2.91%
EOS
$5.29+4.20%
NEO
$50.63-2.41%
Monero
$266.99-0.76%
IOTA
$1.54-1.54%
BitTorrent
$0.004029-1.27%
Bitcoin SV
$160.52+2.01%
Waves
$30.00-6.25%
Maker
$2,909.75-5.80%
Dash
$205.94-3.28%
Decred
$149.32+4.45%
Decentraland
$0.842048-1.99%
ICON
$1.97-8.19%
NEM
$0.189452+0.87%
Zcash
$138.62-2.19%
NuCypher
$0.349300-2.28%
Qtum
$13.04+2.17%
Bitcoin Gold
$67.00-2.38%
Yearn Finance
$34,397.98-4.55%
OmiseGO
$8.57-2.95%
Basic Attention Token
$0.774000-1.69%
0x
$1.12-1.76%
Fetch.ai
$0.916775-8.28%
Paxos Standard
$0.999990-0.03%
Ren
$1.02-6.01%
Bancor
$4.19-2.14%
Band Protocol
$9.53-1.52%
Kava.io
$6.38-0.43%
Siacoin
$0.018546-2.74%
Nano
$5.62-3.32%
Loopring
$0.467921-3.81%
Storj
$1.40-1.53%
Civic
$0.571051+7.27%
Lisk
$3.63-2.13%
Numeraire
$44.19-1.98%
Orchid
$0.375783-1.44%
PAX Gold
$1,770.23-1.08%
Augur
$26.43-0.52%
Aragon
$5.98-4.56%
Enzyme
$117.23-6.94%
district0x
$0.177367-5.54%
Kyber Network
$1.93+2.70%
SingularDTV
$0.001229-9.60%
Tether
$1.00-0.03%
USD Coin
$0.999936-0.04%
Dai
$1.00-0.04%

Crypto Adoption in Australia Grows Along With Concern Over Volatility

Around one in six Australians owns crypto, a report by Finder showed.

Jun 17, 2021 at 1:42 p.m. UTC
Updated Sep 14, 2021 at 1:12 p.m. UTC

Crypto ownership in Australia has grown since the beginning of the year, though volatility remains a barrier to wider adoption, a new report has shown.

  • Around one in six (17%) Australians owns crypto, according to the report by Finder, The Australian reported Thursday. That's up from 12% at the start of the year. The article did not say how many people were surveyed.
  • The most popular currency, bitcoin, is owned by 9% of Australians though this has fallen from 13% at the start of 2021. Bitcoin's decline reflects the increasing popularity of ethereum (8%), dogecoin (5%) and bitcoin cash (4%).
  • Crypto adoption appears to be constrained by concerns over volatility. As many as 43% of Australians saw volatility as a deterrent to investing, a 14% increase since January, The Australian said.
  • Nearly one-third of respondents (32%) would rather buy stock shares or keep their money in savings. One-quarter (25%) say crypto assets are overvalued, an increase of 9 percentage points more than at the beginning of the year.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Loading...