Ukraine

15.72% of Ukrainians own cryptocurrency

How many cryptocurrency owners are in Ukraine?

It is estimated that roughly 6.5 million Ukrainians, 15.72 of the total population, own cryptocurrency.

State of cryptocurrencies in Ukraine

Ukraine is ranked third on Chainalysis’s 2022 Global Cryptocurrencies Index, climbing up a spot from the previous year. Plagued by Russia’s invasion of their territory earlier in 2022, the Ukrainian government has grasped at any form of donations or help they could get. Amidst the chaos, cryptocurrency unveils itself as the unlikely hero for the Ukrainians war effort against Russia. As one of the first countries in the world to fully pass a legal framework for cryptocurrency, Ukraine’s digital transformation minister, Mykhailo Fedorov, and Deputy Minister of Digital Transformation on IT Industry Development, Alex Bornyakov, were able to fast-track the mobilisation of cryptocurrencies. The Ukrainian government was quick to realise that cryptocurrency donations were the easiest and fastest way to handle the flood of international donations, with almost $55 million in a week back in March. As of August 2022, more than $100 million in cryptocurrencies had been donated to support the war effort in Ukraine.

Moreover, Binance, the world's largest cryptocurrency exchange, has launched a “Ukraine Emergency Relief Fund,” a cryptocurrency-first crowdfunding site that makes it easy to donate cryptocurrency. This is on top of the $10 million donation they contributed to the Ukrainian government.

Cryptocurrencies' rising popularity in Ukrainey